The forced transfer bank has reduced its losses or started to make a profit.

The Governor of the State Bank said that after a year of mandatory transfer, weak banks have achieved positive results, and some banks have begun to make profits.

The State Bank of Vietnam (SBV) has just held a conference to review the implementation of the compulsory transfer plan of banks after nearly 1 year.

List of banks required to transfer includes: OCeanBank required to transfer to MB, CBBank required to transfer to Vietcombank, Dong A Bank required to transfer to HDBank , GPBank required to transfer to VPBank.

Governor Nguyen Thi Hong and Deputy Governor Pham Quang Dung said that, with the efforts of the receiving and compulsory transferor banks, along with support mechanisms and solutions from the State, after 1 year of implementing the transfer, the compulsory transferor banks have achieved positive results.

Up to now, the scale of total assets, mobilized capital, and outstanding loans have all grown strongly. Bad debts have been gradually handled, and some banks have made profits or reduced losses compared to the same period in 2024. Basically, all 4 banks that were initially forced to transfer have closely followed and implemented the first year plan in phase 1 of the Compulsory Transfer Plan.

Specifically, the banks that are being forced to transfer have completed their organizational structure model and strengthened their senior personnel, changed their names, brand identities and launched new brands to maximize the strength of the sponsoring brands of the banks receiving forced transfers , creating trust for customers.

The banks that have been forced to transfer have actively reviewed and rearranged their operating networks, and requested the State Bank to consider approving and allowing them to develop and expand their networks in order to optimize operating costs as well as access and expand customer base.

Compulsory transfer banks are gradually upgrading and converting their information technology systems with the aim of meeting the needs of continuous business operations as well as ensuring the safety and security of bank information.

Regarding the problems and difficulties that banks are facing in compulsory transfer , the SBV leaders assigned the SBV's functional units to advise on solutions to support banks in implementing compulsory transfer plans in accordance with the content approved by competent authorities.

Removing difficulties will help banks with compulsory transfers gradually restore normal operations, overcome weaknesses, gradually become banks with healthy financial status, ensure the ability to operate continuously, contribute to strengthening trust in the banking system and ensure safe banking operations according to regulations.

All four banks that have been forced to transfer have undergone a "transformation" in their brand identity, most of them switching to a digital banking model. Most recently, on October 8, GPBank announced its new brand identity and changed its name to the Prosperity Era Commercial Limited Liability Bank (GPBank). Along with the change of its commercial name, the bank also changed its brand identity with the main color being orange.

Previously, OCeanBank, CBBank and DongABank had changed their names and brand identities early. Specifically, OceanBank changed its name to MBV, CBBank changed its name to VCBNeo and DongABank changed its name to Vikki Bank after transferring to MB, Vietcombank and HDBank.

Source: https://baodautu.vn/ngan-hang-chuyen-giao-bat-buoc-da-giam-lo-hoac-bat-dau-co-lai-d408376.html