The National Citizen Commercial Joint Stock Bank (NCB) has announced that it selected three more people for its Board of Director in the term of period from 2015 to 2020 including Nguyen Tien Dung, Tran Kim Chung and Vu Manh Tien.
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In particular, Tran Kim Chung was the President of C.T Group operating mainly in the field of real estate with the most prominent project, namely Léman Luxury Apartment, luxury apartments located in the center of Ho Chi Minh City. Based on the introduction, Tran Kim Chung had no experience in banking and finance.
C.T Group has 36 member companies operating in six areas including real estate, retail, financial investment, construction design, entertainment and ecotourism.
In the field of real estate in Ho Chi Minh City, this corporation also developed a series of CT Plaza apartments, Saigon Venice and Bee Home apartment project. In addition, C.T Group introduced two resort projects in Vung Tau and Nha Trang provinces.Recently, a large project developed by C.T Group near Tan Son Nhat Airport has been suspended due to issues related to land use.
Meanwhile, Nguyen Tien Dung is no stranger to NCB. He and Gami Group have been shareholders controlling Nam Viet Bank or Navibank which is former name of NCB since 2013 after Dang Thanh Tam and other major shareholders withdrew from this bank.
Over the past four years, NCB had been run by Tran Hai Anh who was Dung's wife and had 20 years of experience in banking and finance. She also had been a leader at Phuong Nam Bank for eight years before this bank was merged into Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank).
After being elected to the Board of Directors, Dung replaced his wife as the highest position in the bank when becoming the Chairman of the Board and also being the legal representative of NCB. According to the introduction, Dung was previously head of NCB's Banking Development and Strategy Department.
Vu Manh Tien is the last new member elected to NCB's board of directors and now he is currently the permanent vice president of NCB. In the past, Tien was a member of the State Bank of Vietnam.
NCB has total assets of nearly VND64 trillion (more than US$2.8 billion). This bank reported that at the end of September, the value of other assets amounted to more than VND9,222 billion (US$406 million).
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