In October 2011, the Party Central Committee decided to restructure the economy, including the banking system as a target.
In 2012, 5 banks in this category including SCB, De Nhat, Tin Nghia, Habubank and Tienphongbank have basically completed the restructuring plan.
In the case of Tienphongbank, the State Bank approved the self-structuring plan, mainly reorganizing personnel, planning and business strategic direction.
On August 28, 2012, the brand Habubank officially disappeared from the market, Hanoi’s first joint stock bank merged SHB of Mr. Hien.
In the first 8 months of 2013, the State Bank continued to submit to the Prime Minister for comments and approval of additional structural plans of 3 other weak banks including Navibank, TrustBank and Western Bank.
With Navibank, the State Bank allows this bank to restructure itself with its own resources without having to merge with any other bank.
The last bank in the group of 9 weak banks that need to be handled is GPBank.
As for TrustBank, the Governor also approved the plan to use resources from Thien Thanh Group to restructure, without using budget capital.
In addition to focusing on handling 9 weak banks that have been identified since the beginning of 2012, the State Bank is continuing to evaluate and identify a number of other weak credit institutions and request these units to
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