Completing SCB restructuring plan

Specifically, in the report of the Governor of the State Bank recently sent to the National Assembly , the State Bank updated information on the restructuring of the credit institution system to date with positive results.

The State Bank has issued four compulsory transfer decisions for three compulsory banks (OceanBank, Construction Bank, Global Petroleum Bank, and Dong A Bank). This is an important step in the restructuring of the weak banking system.

It is noteworthy that after the mandatory transfer, the stability and safety of the credit institution system continued to be maintained, and the legitimate rights of depositors were guaranteed.

At the same time, according to the report, by 2025, the State Bank will basically handle weak banks and credit institutions, especially preventing the emergence of new weak banks. In particular, in the case of Saigon Commercial Joint Stock Bank (SCB), based on the investor's SCB restructuring plan, the State Bank has submitted a report to the Government on the SCB restructuring plan.

Specifically, the Governor of the State Bank informed in the report: “On April 18, 2025, the State Bank submitted Document No. 40/TTr-NHNN to the Prime Minister on explaining the opinions of the Government members. Implementing the Government's direction in Resolution No. 25/NQ-CP dated April 29, 2025, the State Bank is continuing to complete the restructuring plan of SCB and will submit a Report to the competent authority as prescribed.”

At the same time, regarding the restructuring solution of SCB and weak banks that are forced to be transferred. Recently, at the press conference to inform about the results of banking activities in the first quarter, the Standing Deputy Governor of the State Bank Dao Minh Tu shared specifically: “SCB is one of the large-scale banks with large total assets, so the solution to implement and handle it also requires sufficient capital. We are still continuing to build a roadmap to gradually restructure this bank and urgently researching solutions and mechanisms to create conditions for this bank to gradually stabilize and recover its operations.”

Mr. Tu said that the State Bank is having solutions and policies, including legalization, to intervene to ensure stability, first of all for weak banks and then for the commercial banking system as well as to ensure social security and order./.

Source: https://baodaknong.vn/dang-hoan-thien-phuong-an-tai-co-cau-scb-251865.html