[Infographic] Which Bank Set a Record in Appointing New Leaders in the Year of the Rooster?

The banking industry, despite its immense capital, is facing a challenging period with declining profits, escalating bad debts, and low credit growth, resulting in a wave of managerial changes in Vietnamese banks during the Year of the Monkey. The newly appointed high-level personnel changes are expected to meet the objectives and new development strategies of each bank.

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PG Bank holds the record for the most frequent “hot seat” changes, with 3 changes in the Chairman of the Board of Directors and 2 changes in the CEO position within just 5 months.

The Year of the Cat (Quý Mão) not only marks the 30th anniversary but also signifies PG Bank’s separation from its major shareholder, Petrolimex.

After parting ways with the major shareholder, PG Bank demonstrates its determination to transform and enter a new era. On December 28, 2023, Petrolimex Petroleum Commercial Joint Stock Bank (PG Bank) officially changes its name to Prosperous and Development Joint Stock Commercial Bank (PGBank).

The name change and brand identity shift mark a new development phase for PGBank with a new business strategy, aiming to bring new values to customers.

Design: Tuấn Trần

Khang Di

SOURCEvietstock
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