SACOMBANK (ticker STB) has announced senior management changes under three Board of Directors resolutions dated 2/11/2026. From that date, Board Chairman Duong Cong Minh also serves as legal representative, while General Director Loic Faussier steps down and becomes senior advisor to the Board. Deputy General Director Nguyen Thi Kieu Anh was appointed Acting General Director to ensure operations are not interrupted. Under the Charter, the bank has one legal representative, either the Board Chairman or the General Director, and the article says this arrangement is consistent with that mechanism. Faussier, born in 1972, joined SACOMBANK on 27/3/2026 and was officially appointed General Director on 10/7/2026 after the State Bank of Vietnam approved it.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Ông Dương Công Minh làm người đại diện theo pháp luật của SACOMBANK
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STBbanksState Bank of Vietnamcorporate governance
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Related tickers and likely impact
STB
• NeutralSaigon Treasure Bank
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 124,990 bn VND |
| P/E | 81.9 |
| P/B | 1.95 |
| Close on 10/30/2026 | 66.30 |
| Change that session | -0.90% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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