(NLDO) – Three banks, DongA Bank, CB Bank, and OceanBank, have changed their names after the mandatory transfer and changed their brand identity.
On the morning of February 17, according to a reporter from Nguoi Lao Dong Newspaper, many branches and transaction offices of DongA Bank Limited (DongA Bank) have adopted a new brand identity after officially changing its name to Vikki digital bank (Vikki Bank) last weekend.
Along with the name change, DongA Bank also moved its headquarters from Ho Chi Minh City to Hanoi. All rights and interests of customers are guaranteed.
Previously, on January 17, the State Bank held a ceremony to announce the decision to compulsorily transfer DongA Bank to Ho Chi Minh City Development Bank (HDBank).
At the same time, Global Petroleum Commercial Joint Stock Bank (GPBank) was forced to transfer to Vietnam Prosperity Joint Stock Commercial Bank (VPBank).
Currently, GPBank and DongA Bank are both one-member limited liability commercial banks with 100% charter capital owned by VPBank and HDBank.
After the mandatory transfer and renaming, Vikki Bank said it will operate as the first new generation digital bank combining the most modern technology applications with a network of branches and transaction offices providing unlimited banking, financial, investment, insurance, travel, shopping services... The extensive network of digital banks will help provide a modern, convenient, safe and absolutely secure customer experience.
DongA Bank changed its name to Vikki Bank
GPBank is an independent legal entity and does not consolidate its financial statements into VPBank's consolidated financial statements. At the same time, GPBank is maintained as a subsidiary bank or sold/transferred to a new investor after the completion of the compulsory transfer plan.
In October 2024, Vietnam Construction Commercial Joint Stock Bank (CB Bank) was compulsorily transferred to Vietnam Joint Stock Commercial Bank for Foreign Trade (Vietcombank). Meanwhile, Ocean Commercial Joint Stock Bank (OceanBank) was transferred to Military Commercial Joint Stock Bank (MB).
Soon after, CB Bank was renamed as Vietnam Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCBNeo). Vietcombank also mobilized and appointed a series of senior personnel at VCBNeo.
OceanBank also changed its name to Vietnam Modern Bank Limited (MBV), part of the MB Group ecosystem. MB also appointed senior personnel to the Board of Members, Board of Supervisors, and General Director at MBV.
After the name change, the bank aims to focus on creative, flexible and optimal financial solutions, helping customers make the most of financial opportunities in the context of strong digitalization in Vietnam.
Thus, up to now, among the total banks that were given 0 VND and placed under special control by the State Bank, 3 banks have changed their names: Dong A Bank to Vikki Bank; OceanBank to MBV and CB Bank to VCBNeo. GPBank has not yet announced any new information.
Regarding Saigon Commercial Joint Stock Bank (SCB), in Directive No. 03 dated February 2025 on implementing key tasks after the 2025 Lunar New Year holiday, the Prime Minister requested the State Bank to promptly complete the plan to restructure credit institutions associated with bad debt settlement for the 2021-2025 period approved by competent authorities; focus on handling weak credit institutions, and promptly submit a plan to restructure this bank.
According to the State Bank, compulsory transfer of weak credit institutions is one of the solutions contributing to ensuring macroeconomic stability, national financial and monetary security, political stability and social order and safety.
The State Bank has closely coordinated with ministries, branches and relevant agencies to direct banks to develop compulsory transfer plans and submit them to competent authorities for approval in accordance with legal regulations.
Source: https://nld.com.vn/dien-bien-moi-tai-cac-ngan-hang-thuoc-dien-chuyen-giao-bat-buoc-kiem-soat-dac-biet-196250217095907221.htm
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