SBV fires Dong A Bank general director, deputy
 |
| Former Dong A Bank general director Tran Phuong Binh. Photo thanhnien.com.vn |
Vo Hai Nam, director of the Bank of Investment and Development of Viet Nam's (BIDV) risk management department, will replace Binh with immediate effect.
Pham The Nguyen, director of a BIDV branch in HCM City, will take over from Van.
A recent inspection by the central bank found that in the period before 2012 Dong A Bank had flouted laws pertaining to financial management, credit and other areas that caused serious consequences to the bank and losses to the Government.
Binh was general director since 1998, also becoming deputy chairman in 2013. Van was in her post since 2001.
The central bank plans to restructure the bank to protect its as well as its customers' interests.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- Assessing gold prospects for the rest of 2024 and beyond (October 26, 2024 | 10:48)
- ACCA welcomes 116 new members in Vietnam (October 26, 2024 | 10:45)
- Public debt indicators remain in alignment with expectations (October 25, 2024 | 15:37)
- SACE and SCIC sign MoU to strengthen cooperation between Italy and Vietnam (October 25, 2024 | 11:13)
- EVN Finance signs $30 million loan package with Dutch bank FMO (October 24, 2024 | 18:07)
- Year-end credit growth driven by industrial sector (October 24, 2024 | 14:34)
- Major bancassurance deals may be at peak (October 24, 2024 | 14:28)
- Banks' profit picture in Q3 creates mixed sentiment (October 24, 2024 | 11:44)
- Liquidity pressure “substantial” on Vietnam’s banks (October 23, 2024 | 21:00)
- Remittance fee drop could boost economy (October 23, 2024 | 19:00)
Mobile Version