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Tuesday, May 24, 2022

HDBank has new chairman

The Saigon Times

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HCMC – Kim Byoungho, an independent member of the board of the HCMC Development Joint Stock Commercial Bank (HDBank), has been named as chairman of the bank. He is the first foreign chairman of HDBank.

Kim has more than 30 years’ experience in the finance and banking sector. Kim used to be CFO and CEO of Hana Bank, the second largest bank in South Korea, and deputy president of Hana Financial Group.

After leaving Hana in 2019, he worked as a consultant for many prestigious financial institutions. At present, he is still an independent member of SK Inc., one of the largest groups in South Korea.

The appointment of Kim as chairman of HDBank showed the bank’s shareholders’ vision to apply international standards to the governance of HDBank.

Kim is expected to speed up the bank’s strategic programs, expand its international cooperation and realize high and sustainable growth targets.

Besides Kim, HDBank’s board in the 2022-2027 tenure has permanent vice chairwoman Nguyen Thi Phuong Thao; vice chairpersons Nguyen Huu Dang, Luu Duc Khanh and Nguyen Thanh Do; Nguyen Thanh Tam, a member of the board, and Le Manh Dung, an independent member.

Closing the session today, May 4, HDB lost 1.98% at VND24,800 per share.

As for the benchmark VN-Index of the HCMC market, it declined 18.12 points, or 1.33% against the previous session at 1,348.68, its lowest daily level, with 140 advancers and 301 decliners.

Trade on the HCMC bourse contracted 11.5% in volume and 22.5% in value over the session earlier at 528 million shares and nearly VND4.2 trillion. Shares traded in block deals contributed VND963.7 billion to the overall value.

The HNX-Index on the northern bourse lost 1.33%, or 4.86 points, at 360.97. Some 73.8 million shares worth over VND1.6 trillion changed hands on the bourse.

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