Governor reports to National Assembly about SCB Bank

Illustrative photo of transaction at SCB Bank - Photo: TTD

State Bank Governor Nguyen Thi Hong has reported to the National Assembly on the implementation of the National Assembly's resolutions on questioning.

Resolutely implement the project of restructuring credit institutions

The report outlines the drastic implementation of the project to restructure the system of credit institutions associated with bad debt settlement in the 2021-2025 period.

Develop a system of credit institutions that operate healthily, with quality, efficiency, openness, transparency, meeting safety standards in banking operations as prescribed by law and approaching international practices, striving to reach the development level of the group of 4 leading countries in the ASEAN region.

At the same time, we will focus on developing, approving, and implementing projects to restructure weak banks and this year fundamentally handle weak banks and credit institutions, especially not allowing new weak banks to arise.

According to the report, the State Bank has issued compulsory transfer decisions for the compulsory purchasing banks, namely OceanBank, CB, GPBank and Dong A Bank.

This is an important milestone in the process of handling and restructuring banks. Thereby, the stability and safety of the credit institution system continues to be maintained, and the legitimate rights of depositors are guaranteed.

Continue to complete the restructuring plan of SCB Bank

Notably, the report said that based on the investor's restructuring plan for SCB Bank, the State Bank has submitted a report to the Government on the restructuring plan for SCB Bank.

On April 18, the State Bank submitted a document to the Prime Minister explaining the opinions of Government members.

Implementing the Government's direction in Resolution 25 dated April 29, the State Bank is continuing to complete the SCB restructuring plan to submit to competent authorities for approval.

According to the report, joint stock commercial banks are actively completing and implementing the restructuring plan approved by competent authorities.

Accordingly, basically, joint stock commercial banks are focusing on consolidating and comprehensively rectifying all aspects of finance, administration and operations to improve business efficiency and competitiveness.

Banks have actively grown, expanded their scale, boosted credit, mobilized capital, and actively improved their solvency and financial safety and health indicators.

Joint stock commercial banks also make efforts to actively handle bad debts, strengthen control measures, and improve credit quality, especially credit in potentially risky areas.

Develop payment services, other non-credit services and expand retail services and consumer credit.

Promote the development and diversification of banking services, focusing on improving the quality of traditional banking services and rapidly developing modern banking services (payment services, foreign exchange, investment...)...

The report added that bad debts are being focused on handling and controlling. By February 2025, the ratio of bad debts on the balance sheet (excluding 5 banks MBV, Global Petroleum, NCBNeo, Vikki Bank, Saigon) will be at 1.88%.

SCB was put under special control by the State Bank from October 15, 2022, to ensure stable operations and protect depositors' rights.

Since then, the State Bank has assigned experienced officials from state-owned commercial banks to participate in the management and operation of SCB.

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Source: https://tuoitre.vn/thong-doc-bao-cao-quoc-hoi-ve-ngan-hang-scb-20250507191810287.htm