Trang Chủ
The central bank has conducted comprehensive inspection, independent audit on all ailing lenders and prepared restructuring plans for each of them.
The government has already approved plans to restructure two weak banks, said the SBV Governor, adding that the central bank will submit to the government plans to restructure two banks in each remaining week of June.
The central bank reiterated that it encourages voluntary merger and acquisitions among local lenders to improve their financial capability and operation as well as to ensure the safety and sound development of the whole system.
The ultimate goal of restructuring was to build a multi-functional banking system with safe, efficient operation; diversified ownership; and management practices in line with international standards, said SBV Governor Nguyen Van Binh.
In December/2011, Saigon Commercial Bank (SCB), Vietnam Tin Nghia Bank (TinNghiaBank), First Commercial Bank (Ficombank) merged into one entity named [new] SCB with the charter capital of 10.5838 trillion dong.
Earlier this year, the SBV also approved Saigon-Hanoi Commercial Joint Stock Bank (SHB) to take over Hanoi Building Commercial Joint Stock Bank (Habubank or HBB).
The central bank called for the participation of all investors, including foreign ones, in the restructuring process of these nine weak banks, Binh emphasized.
