HCMC – Vietnam Export Import Bank (Eximbank) appointed Vice Chairman Yasuhiro Saitoh as its new chairman on June 25, replacing Cao Xuan Ninh following his resignation over personal reasons.
Eximbank told VnExpress that Ninh tendered his resignation to the board of the bank and the letter was approved even before its annual shareholder meeting on June 30.
Despite the post of Eximbank chairman being changed continuously, the bank asserted that it is performing stably and effectively.
During his tenure, Ninh completed his duties and effectively managed the bank’s operations, according to Eximbank.
In 2019, Eximbank achieved positive results, smoothing the path for its performance in the first quarter of 2020. The bank’s before-tax profit in the first quarter of 2020 soared by 31% year-on-year, while its operation costs reduced by 7%, VietnamPlus news site reported.
Cao Xuan Ninh, 58, took the helm at Eximbank in late May last year, replacing Le Minh Quoc. Meanwhile, at the same time, Yasuhiro Saitoh tendered his resignation to the Eximbank board, but the approval was delayed.