VietNamNet Bridge – The report on the competiveness rating given
to 32 commercial banks has been facing strong opposition from the banks,
especially from the ones put into C or D groups. The State Bank of Vietnam has
denied the facts.
Bankers say the rating
unreasonable
The report on the credit rating
of 32 commercial banks released by CRV Company on September 8 showed that nine
of the 32 banks were ranked in “A” group, the most competitive ones in the
market.
“B” group included nine banks,
the ones with good competitiveness. “C” group, which gathers average competitiveness,
comprises of 10 banks. Meanwhile, “D” group with worst banks comprises of three
banks.
The banks in C and D groups all
have expressed their disagreement with the CRV’s report, saying that CRV’s
research team had never met or contacted or interviewed them before, affirming
that the way of working followed by CRV is quite different from that pursued by
international credit rating firms, including Moody’s.
An executive of Maritime Bank,
which is in “B” group, also said CRV has never contacted the bank to get
information or learn more about the bank.
He went on to say that the grades
given by CRV are quite different from that in the credit rating report released
by the Credit Information Center (CIC) under the State Bank of Vietnam earlier
this year.
In the CIC’s report, Maritime
Bank was listed among the 12 best banks - G12, which controls 85 percent of the
market share. Meanwhile, in the CRV’s report, Maritime Bank is in “B” group.
An executive of OCB also said
that the report does not show clearly the criteria for ranking, therefore, the
rating proves to be unreasonable and unconvincing.
“I do not know which criteria
they considered when giving the rating. I cannot understand why some banks were
put by the State Bank into the first and second groups (the best banks), but
now appear in the CRV’s report in the C group.
Meanwhile, a manager of a D
group’s bank, said the credit rating does not worry him, and that he does not
care about the report.
“We are not a big bank. However,
since the day of operation, we have never had to make compulsory borrowing from
the State bank and we have never been put into the list of the banks subject to
the restructuring. Therefore, no need to worry about the credit rating,” he
said.
Meanwhile, an official of the
State Bank of Vietnam said on September 10 that CRV did not get information
from the watchdog agency before making public the crediting rating for 2012.
Under the current laws, the State
Bank of Vietnam is the highest authority in ranking and assessing the
capability of commercial banks. However, the laws do not prohibit private
institutions to make surveys and release the results of their research works.
In 2010, a company released the
report on the credit rating of Vietnamese commercial banks, which then raised
controversy. Experts then said that the report faced the opposition from banks
because it hurt banks when talking about a “sensitive issue” – the credit
rating. Nowadays, CRV seems to mention a less sensitive issue – the competitive
edges of banks.
On September 10, a representative
of CRV admitted that the authors of the report did not contact and meet the
banks when they collected information for the research work. The figures and
information were then analyzed from the finance reports made public by the
banks themselves.
VNE
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