Vietnam ‘basically completes’ value assessment of weak banks pending forced takeover

Vietnam ‘basically completes’ value assessment of weak banks pending forced takeover

The State Bank of Vietnam (SBV) has “basically completed” the “unprecedented” task of assessing the value of ailing banks subject to forced takeovers, said Governor Nguyen Thi Hong.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam central bank in search of investors for ailing lender SCB

Vietnam central bank in search of investors for ailing lender SCB

The State Bank of Vietnam (SBV), the country’s banking regulator, is active in looking for investors that are willing to join the restructuring of troublesome Saigon Joint Stock Commercial Bank (SCB).

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam gov’t to have commercial banks take over ailing peers

Vietnam gov’t to have commercial banks take over ailing peers

The Vietnamese government has given in-principle approval to a scheme that will have domestic commercial banks take over two weak peers, a central bank report says, part of broader efforts to clean up the banking system and reduce the number of lenders.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7