Prime Minister requests to check information about "banks selling debts and collateral", mainly real estate

The Government Office has just received a report from the Government Electronic Information Portal on information, press and public opinion related to the direction and management work. Notably, it includes content about "banks selling debts and collateral" in the press.

The Prime Minister requested to check the information that "banks advertise to sell debts and collateral" as real estate... Illustration photo: Hoang Trieu

Accordingly, the press reported: In the first half of February alone, a series of banks such as Agribank , VietinBank, BIDV, NCB, Sacombank... continuously put up for sale debts and secured assets to recover and handle bad debts. In particular, the assets put up for auction are mainly real estate. Notably, in addition to debts with large values ranging from several hundred billion VND to thousands of billion VND, banks also put up for sale unsecured consumer loans with values ranging from only a few tens of thousands of VND.

Regarding this, Prime Minister Pham Minh Chinh has asked the Governor of the State Bank to verify the above information.

Source: https://nld.com.vn/kinh-te/kiem-tra-thong-tin-ngan-hang-rao-ban-no-tai-san-dam-bao-chu-yeu-la-bat-dong-san-20230228181855328.htm