TPBank dismissed Mr. Le Hong Nam from the position of Deputy General Director.

Tien Phong Commercial Joint Stock Bank (TPBank) has just announced the resolution of the Board of Directors on the dismissal of the position of Deputy General Director and the approval of the proposal to terminate the labor contract of Mr. Le Hong Nam from February 9. The reason for the dismissal is based on personal wishes.

According to the 2024 Management Report, Mr. Le Hong Nam holds 405,877 TPB shares, equivalent to 0.02% of charter capital. It is estimated that with the closing price of TPB shares on February 7 being VND16,550/share, the block of shares that Mr. Nam owns is more than VND6.7 billion.

Mr. Le Hong Nam was born in 1966, has a Master's degree in Economics . Mr. Nam has more than 20 years of experience in the field of Finance - Banking.

Before joining TPBank , he held many senior management positions at domestic and foreign credit institutions such as ShinhanVina Joint Stock Bank, Global Petroleum Commercial Joint Stock Bank and Mekong Development Commercial Joint Stock Bank.

Mr. Nam joined TPBank in January 2009 as Director of Ho Chi Minh City Branch. In March 2012, he was appointed Deputy General Director - in charge of the Southern region, then held the position of Deputy General Director and Director of Credit Division.

By April 2023, he assumed the position of Deputy General Director and Director of Debt Processing and Collection Division.

After this dismissal decision, TPBank's Board of Directors has 8 members left, with Mr. Nguyen Hung as General Director.

Regarding business results, TPBank has just announced its financial report for the fourth quarter of 2024 with pre-tax profit reaching VND 2,136 billion, up nearly 240% over the same period. Accumulated for the whole year, pre-tax profit reached nearly VND 7,600 billion, up 36% and exceeding the plan set at the shareholders' meeting.

As of December 31, 2024, TPBank's total assets reached VND 418,028 billion, up 17% compared to the end of 2023 and exceeding the plan by 7.2% (at VND 390,000 billion). Outstanding credit, including customer loans and corporate bonds, reached VND 261,500 billion, up more than 20% over the previous year. Customer deposits reached VND 242,806 billion, up nearly 16.6% over the same period last year.

Regarding asset quality, TPBank's bad debt ratio remains below the 2% threshold, while the capital adequacy ratio (CAR) as of November 2024 is 14%, higher than the minimum level of 10.5% according to Basel III standards.

Source: https://daibieunhandan.vn/tpbank-mien-nhiem-chuc-vu-pho-tong-giam-doc-doi-voi-ong-le-hong-nam-post404045.html