SCB Bank liquidates assets.

TPO - Saigon Commercial Joint Stock Bank is liquidating all fixed assets, tools, supplies, and materials at its branches in Hong Bang, Binh Duong, Hai Phong, Nghe An, Can Giuoc, Thanh Hoa, Vung Tau, Bac Ninh, Binh Dinh, Ben Tre, and Khanh Hoa.

Saigon Commercial Joint Stock Bank (SCB, stock code: SCB) has just issued a series of notices regarding the liquidation of assets at numerous branches nationwide.

Accordingly, SCB is liquidating assets at its branches in: Hong Bang, Binh Duong, Hai Phong, Nghe An, Can Giuoc, Thanh Hoa, Vung Tau, Bac Ninh , Binh Dinh, Ben Tre, and Khanh Hoa.

The list of assets offered for liquidation includes all fixed assets, tools, supplies, and materials currently stored at the units. Eligible bidders are organizations and individuals interested in purchasing the bank's liquidated assets.

According to the announcement, SCB will conduct the liquidation in the form of a block sale through a sealed-bid method. Individuals and organizations participating will submit bids within the specified time frame, after which the bank's liquidation committee will open the bids and select the entity offering the highest price. The winning bid price includes value-added tax.

Before participating in the bidding process, customers are allowed to directly inspect the condition of the assets at the storage location. However, SCB does not disclose the starting price or details of each item in the asset lots.

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SCB has issued a series of asset liquidation notices at numerous branches nationwide.

Recently, SCB announced the liquidation of 17 specialized vehicles, all Mitsubishi Pajero models, manufactured between 2004 and 2007. SCB is conducting the liquidation sale through a sealed envelope bidding process, with each vehicle placed in a separate envelope. The Asset Liquidation Council at SCB headquarters will then open the bids and select the individual or organization offering the highest bid.

Notably, the participants include all internal officers and employees of SCB, its subsidiaries, affiliated companies, and all organizations and individuals who wish to register to purchase vehicles.

In October 2022, the State Bank of Vietnam announced a decision to place SCB under special supervision to stabilize its operations. The State Bank of Vietnam's special supervision of a credit institution is a legal measure aimed at tightly controlling and limiting negative impacts on that institution and the entire credit institution system.

The State Bank of Vietnam also selected and appointed experienced, capable, and professionally qualified officials from Vietcombank, BIDV, VietinBank, and Agribank to participate in the management and operation of SCB Bank.

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SCB has continuously announced the closure of numerous transaction offices and branches nationwide as part of its restructuring plan. From June 2023 to mid-July 2025, from 207 transaction offices across the country, Saigon Commercial Bank (SCB) will only have 54 transaction offices in 20 provinces and cities. Alongside this network reduction, SCB is also implementing various measures to streamline operations, such as cutting staff, liquidating specialized vehicles, ATMs, and other assets no longer used in business operations.

Source: https://tienphong.vn/ngan-hang-scb-thanh-ly-tai-san-post1851923.tpo