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WHOLESALE BANKING | Cesar Tordesillas, Vietnam

Sacombank’s power transferred to new board

Almost all the power in Sacombank has been transferred to new shareholders group, ending a year-long acquisition.

At the recent shareholders’ meeting of Sacombank, the new board retained only two Sacombank former members, Dang Van Thanh and his son, Dang Hong Anh, and eight additional newly elected members.

The new 10-member board of Sacombank has four members from the Southern Commercial Joint Stock Bank, two members from the Vietnam Export-Import Commercial Joint Stock Bank (Eximbank), and an independent member.

Four members from Southern Bank are Tram Be, former deputy chairman, Be’s sonTram Khai Hoa – President of Southern Bank Securities Co (PNS), Phan Huy Khang, former Southern Bank CEO, and Duong Hoang Quynh Nhu, former Southern Bank vice CEO.

Two other members from Eximbank are Pham Huu Phu, chairman of Eximbank property arm (EximLand), and Nguyen Mien Tuan – General Director of Vietnam Dragon Securities Co.

Another member is Tran Xuan Huy, general director of Sacombank.

The independent member is Kieu Huu Dung, former Head of Banking Department of the State Bank of Vietnam .

Earlier, five former members of the Sacombank board have been approved for resignation.

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