The
State Bank of Vietnam (SBV) affirmed on its website that until now, Sacombank is
still operating normally. The central bank said to urgently clarify the sources
of baseless information related to this bank to take appropriate treatment
measures.
Recently, some articles relating to the
organization and operation of Sacombank such as "Sacombank, ACB, and
Eximbank will be one family", "Capturing Sacombank - rumours and
reality" and others surfaced, which were
totally baseless, said SBV on its website on February 22.
In the current commercial joint stock banking
system of Vietnam, Sacombank is one of the banks that have largest assets scale
and network.
According to the monitoring data of the State
Bank of Vietnam (SBV), at present, Sacombank has a healthy financial situation,
operating stability, efficiency and full compliance with the safety ratio in
the banking operations under the provisions of SBV; outlook for the ratings of
international credit rating agencies such as Moody's and S&P to Sacombank
is "stable".
As a special business, the operations of not
only Sacombank in particular, but also credit institution in general are
subject to the provisions of the Enterprise Law and the Law on Credit
Institutions.
The shares owned by shareholders, the election
of management board, and supervisory board or the reorganization of a bank was
also legalised clearly. Therefore, the investors when making investments or
participate in the governance of joint-stock commercial banks must also comply
with these regulations.
The central bank as a state management agency
for Sacombank re-affirmed: “Until now, Sacombank is still operating normally.
The central bank is urgently denying the sources of incorrect information
recently about this bank and seeks to take appropriate remedial measures”.
VietBiz24
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