Complete SCB restructuring plan before September 15

The Government requested the State Bank to complete the restructuring plan of Saigon Commercial Joint Stock Bank (SCB) before September 15.

This content is stated in the Resolution dated September 9 of the regular Government meeting in August. Accordingly, the Government requested the State Bank to effectively implement the plan to compulsorily transfer weak banks, put them under special control, and complete the restructuring plan for SCB before September 15.

At the same time, this agency must accelerate the increase of charter capital of state-owned commercial banks, effectively handle bad debts, strictly control credit in potentially risky areas, and strictly handle violations according to legal regulations. In addition, the State Bank must increase inspection, supervision, prevention and handling of negative behaviors, corruption and group interests in banking activities.

Recently, 4 weak banks were forced to transfer to 4 commercial banks. Of which, Vietcombank received CBBank, changed its name to VCBNeo digital bank. HDBank received DongABank, changed its name to Vikki Bank digital bank. MB received Oceanbank transfer, changed its name to MBV digital bank. GPBank transferred to VPBank. In addition, SCB is a weak bank that is in the process of looking for investors.

SCB was put under special control from October 2022, after many branches and transaction offices of the bank recorded a situation of people coming to withdraw money en masse.

In April this year, the State Bank also announced that it had drafted a report to the Government and the Politburo on the restructuring plan for SCB. Previously, the agency said that many investors had proposed to participate in restructuring this bank. By June, Van Thinh Phat Group Joint Stock Company was one of the units that submitted a report, proposing a 12-year roadmap to handle the consequences at SCB and currently had a source of 2 billion USD available.

PV (synthesis)

Source: https://baohaiphong.vn/hoan-thien-phuong-an-co-cau-lai-scb-truoc-15-9-520446.html