Finance - Banking

State Bank approves 14 important banks in the system in 2024

TH (according to Tin Tuc newspaper) March 29, 2024 12:15

The State Bank of Vietnam has just issued Decision 538/QD-NHNN approving the Group of credit institutions and foreign bank branches of systemic importance in 2024.

Accordingly, 14 banks in the Group of Systemically Important Credit Institutions in 2024 include Vietnam Bank for Agriculture and Rural Development (Agribank); Asia Commercial Joint Stock Bank (ACB); Lien Viet Post Joint Stock Commercial Bank (LPBank); Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank); Vietnam Joint Stock Commercial Bank for Investment and Development (BIDV); Vietnam Technological and Commercial Joint Stock Bank (Techcombank); Vietnam Joint Stock Commercial Bank for Foreign Trade (Vietcombank); Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank); Military Commercial Joint Stock Bank (MB); Vietnam International Commercial Joint Stock Bank (VIB); Saigon - Hanoi Commercial Joint Stock Bank (SHB); Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank); Tien Phong Commercial Joint Stock Bank (TPBank); Vietnam Prosperity Joint Stock Commercial Bank (VPBank).

The State Bank requests the Banking Inspection and Supervision Agency and the State Bank branches in provinces and centrally run cities to closely monitor and promptly warn of risks in the operations of the above 14 credit institutions to prevent significant risks and systemic risks.

TH (according to Tin Tuc newspaper)
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State Bank approves 14 important banks in the system in 2024