ANTD.VN - The Government said it has completed the transfer plan for two compulsory acquisition banks, Construction Bank Limited (CBBank) and Ocean Bank Limited (OceanBank).
In the report on the implementation of the 2024 socio-economic development plan and the projected 2025 socio-economic development plan, the Government informed about the implementation of the plan to handle weak credit institutions.
According to the report, the Government has completed the transfer plan for two compulsory acquisition banks, Construction Bank Limited (CBBank) and Ocean Bank Limited (OceanBank).
Previously, at the regular Government meeting in September 2024 on October 7, State Bank Governor Nguyen Thi Hong said that the banking sector is directing credit institutions to actively review the financial situation and prepare documents to organize the transfer ceremony of two zero-dong banks after a long period of difficulties.
The State Bank is also directing units to quickly complete the remaining two banks to report to the Prime Minister.
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The State Bank is preparing to hold a transfer ceremony for two zero-dong banks. |
Up to now, according to initial information, the two "big guys" that will implement the transfer plan could be Vietcombank and MB.
At the 2024 Annual General Meeting of Shareholders, Vietcombank General Director Nguyen Thanh Tung (now Chairman of the Board of Directors) said that the bank has completed the plan and is submitting it to the State Bank for approval.
In particular, Vietcombank has established a professional subcommittee; a subcommittee to review the network, evaluate the quality of human resources with managers and employees; a subcommittee to review support solutions for wholesale and retail for weak credit institutions receiving transfers. At the same time, experts are sent to accompany weak credit institutions to evaluate quality and capacity, find solutions to improve quality, ensure continuous operation, and limit risks.
Mr. Do Viet Hung - Member of Vietcombank's Board of Directors added that the transfer progress depends on the decision of the Government and the State Bank. The transfer is expected to be carried out in 2024.
Although the identity of the bank that this bank will receive the mandatory transfer has not been officially announced, Vietcombank is currently supporting lending and comprehensively supporting CBBank, from changes in governance model, technology system, to product and service system and brand image...
Meanwhile, at MB, General Director Pham Nhu Anh also informed that the procedures for compulsory transfer of a weak bank have been completed, expected to be completed in 2024 or 2025. MB's leadership also affirmed that this bank is "ready for the assigned task, just waiting for the Government's approval".
Like Vietcombank, MB leaders have not revealed the identity of the transferred bank, but according to observations, it is OceanBank.
At many conferences to deploy OceanBank's business tasks, MB's top leaders, Mr. Luu Trung Thai and Mr. Pham Nhu Anh, both attended. MB's Chairman of the Board of Directors, Luu Trung Thai, once said: Cooperating with OceanBank is both a political task and an opportunity for MB.
Regarding other weak credit institutions, the Government said it is continuing to complete the transfer plan for the two remaining banks, Global Petroleum Bank Limited (GPBank) and DongA Commercial Joint Stock Bank (DongA Bank).
For Saigon Commercial Joint Stock Bank (SCB), the State Bank has submitted to the Government for consideration and decision on the restructuring policy.
According to the Government, the handling of weak credit institutions associated with bad debt settlement is still slow, facing many difficulties and obstacles. The policy mechanism and financial resources to handle weak credit institutions in general and to develop a plan for compulsory transfer of compulsory-purchase banks and Dong A Bank in particular still have many shortcomings.
Source: https://www.anninhthudo.vn/sap-chuyen-giao-bat-buoc-cbbank-va-ocean-bank-se-ve-tay-ong-lon-nao-post592132.antd
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