The State Bank Inspectorate, Region 14 branch, has just announced the conclusion of the inspection of Kien Long Commercial Joint Stock Bank, Can Tho branch (KienlongBank Can Tho).

The conclusion clearly shows that credit granting activities at KienlongBank Can Tho still have some shortcomings in credit appraisal and approval; post-credit granting inspection is not strict; documents proving the use of loan capital are not complete.

Regarding capital mobilization activities, KienlongBank Can Tho still lacks in posting additional interest rates for depositors (generally stated, not specifically stating the additional interest rates).

Compliance with legal regulations on foreign exchange activities, money transfer abroad, compliance with legal regulations on anti-money laundering and anti-terrorist financing at KienlongBank Can Tho is carried out in accordance with legal regulations.

Based on the inspection results, the inspection conclusion made 4 recommendations and 1 risk warning requiring KienlongBank Can Tho to implement so that the unit's operations are safe, effective, and in compliance with legal regulations.

Prime Minister requests to soon issue conclusions on inspections of gold trading organizations . Prime Minister Pham Minh Chinh has just signed an official dispatch on implementing measures to effectively manage the gold market.

Source: https://vietnamnet.vn/thanh-tra-chi-ra-ton-tai-trong-cap-tin-dung-tai-kienlongbank-can-tho-2428255.html