What did the bank say when the Inspector concluded that it violated the bond?

(Dan Tri) - According to a related bank, capital mobilized from many different sources is grouped into one "basket" so it is relatively difficult to distinguish the terms...

The Government Inspectorate recently concluded an inspection of compliance with legal policies on the issuance of individual corporate bonds and the use of funds from individual corporate bonds.

It is noted that in the period from January 1, 2015 to June 30, 2023, among 67 issuing organizations, there were 5 commercial banks (CBs) including: Military Commercial Joint Stock Bank (MB), Asia Commercial Joint Stock Bank (ACB ), Vietnam Prosperity Joint Stock Commercial Bank (VPBank), Vietnam International Commercial Joint Stock Bank (VIB), Orient Commercial Joint Stock Bank (OCB) issued a total of VND 255,107 billion, for the purpose of lending to customers (mainly bonds issued without collateral).

According to the conclusion of the Government Inspectorate, 3/5 of commercial banks used money collected from the issuance of some corporate bond codes for purposes other than those stated in the issuance plan and information disclosure.

Before this information, the relevant banks have responded to the information.

Many banks have violations regarding bonds pointed out by the Government Inspectorate (Illustration photo: IT).

ACB said that according to the conclusion of the Government Inspectorate, the two bond lots issued by this bank on December 19, 2018 and December 6, 2019 had the purpose of using capital stated in the issuance plan to provide medium and long-term loans.

“However, during the inspection process, because the reported data at some points did not match the time and included short-term loans, a request arose to review and correct according to the regulations of the inspection agency. ACB completed all the corrections and submitted the correction report on September 24, 2025, in accordance with the request from the competent authority.

The bank stated that it always complies with governance standards and financial transparency, while maintaining stability to serve customers, shareholders and partners sustainably.

A related bank also informed: "For credit institutions, capital is mobilized from many different sources, then merged into one "basket", so it is relatively difficult to distinguish the term. This is also a shortcoming of the policy that credit institutions have proposed the State Bank to adjust."

According to the Inspectorate's conclusion, during the inspection period, these banks issued 386 corporate bond codes (non-convertible bonds, without warrants, without collateral) with terms of 1-10 years, fixed or floating interest rates (floating interest rate = reference interest rate plus margin of 0.1-2.5%).

The purpose of issuance is to increase capital scale, supplement Tier 2 capital and other capital to serve customers, and serve the credit needs of banks. As of June 30, 2023, at the above banks, there are 173 corporate bond codes in circulation with a total value of VND 97,828 billion.

The conclusion just announced by the Government Inspectorate shows that 3/5 credit institutions used money collected from the issuance of some bond codes for purposes other than those stated in the issuance plan and information disclosure.

Source: https://dantri.com.vn/kinh-doanh/bi-thanh-tra-ket-luan-vi-pham-trai-phieu-ngan-hang-noi-gi-20251018105322083.htm