SeABank continuously replaced senior personnel in short time
By Dang Hoa
February 09, 2018 | 04:12 PM GMT+7
Within less than five months leading the Southeast Asia Joint Stock Commercial Bank (SeABank), Nguyen Canh Vinh has resigned from this position since February 8, 2018, for personal reason.
On February 2, 2018, SeABank surprisingly announced its decision to change its membership in the Board of Management.
Accordingly, from February 8, 2018, Nguyen Canh Vinh stopped his responsibility as the General Director of SeABank. The bank’s Deputy General Director Le Van Tan was assigned to manage SeABank's operations after Vinh's termination.
Thus, Vinh was in SeABank's hot seat for almost 4.5 months from September 25, 2017, after the position was vacated for almost three months.
Born in 1974, Vinh graduated from the National Economics University, University of Civil Engineering and got a master's degree from Latrobe University, Australia.
Before becoming General Director at SeABank, Vinh was the Deputy General Director at Techcombank from the first day of March 2017; however, less than three months later he decided to resign from the position.
At the time SeABank appointed its CEO in September, the bank said that it was in the business model and organizational structure transition with the goal of becoming the leading retail bank in the banking system. In the recent short period of time, the bank has experienced a number of changes in senior personnel.
Shortly after Dang Bao Khanh stepped down as SeABank’s CEO in the beginning of last July, SeABank made a decision to let Nguyen Thi Hoai Phuong, Director of Accounting and Finance Division, take over the position of Deputy General Director Nguyen Thi Thu Huong as SeABank’s Chief Accountant.
In the mid of last August, SeABank also appointed Nguyen Huong Minh as its Deputy General Director.
SeABank has the charter capital of VND5,466 billion (roughly US$241 million), 162 transaction places and more than 3,200 employees nationwide. In addition to domestic strategic partners such as MobiFone, SeABank has a foreign strategic partner Socíeté Générale owning 20 per cent of the bank’s charter capital.
Socíeté Générale is a leading retail bank in France and Europe. Association with SeABank is the first investment in retail banking activities of Société Générale in Asia region.
The Post and Telecommunication Finance Company which has lost for many years was auctioned with a starting price of VND500 billion (roughly US$22 million) by VNPT on February 1.
The Post and Telecommunication Finance Company which has lost for many years was auctioned with a starting price of VND500 billion (roughly US$22 million) by VNPT on February 1.
The United Capital Management Joint Stock Company (Unicap) which manages investment funds will provide financial services to FLC and Faros in the near future.
Techcombank has announced that two separate legal entities managed by Warburg Pincus will invest over US$370 million into the Bank, subject to appropriate regulatory approvals.
In only the first two months of this year, the banking, financial services and insurance sector (BFSI) of Vietnam received up to US$1.45 billion worth of investment.
According to the World Bank, remittances to Vietnam in 2017 are estimated at a record high of US$13.81 billion, increasing by US$1.9 billion, equivalent to 16% over 2016.
Techcombank announced that its pretax profit in 2017 reached over VND8.03 trillion (US$354.4 million), doubling that in 2016 and naming Techcombank in Vietnam’s top five profitable banks.
