Friday, November 22, 2024 3:12:36 AM - Markets closed
VN-INDEX 1,228.33 +11.79/+0.97%
HNX-INDEX 221.76 +0.47/+0.21%
UPCOM-INDEX 91.50 +0.41/+0.45%
Eximbank denies system risk rumours, confirms stable operations
vietnamnews - 10/16/2024 4:02:46 PM
 (0 ratings. You must sign in to rate.)
The bank stated that it has requested the relevant authorities to investigate and clarify the motives behind the dissemination of this document to safeguard the legitimate rights and interests of the bank, its customers, shareholders and partners.
 
 
An Eximbank branch in Quảng Ninh Province. — Photo baotintuc.vn
 
Eximbank has refuted rumours circulating on social media about an 'urgent petition and reflection' allegedly citing severe risks that could lead to operational insecurity and a potential system collapse at the bank.
 
The document, which only contains one page without signatures or official seals, has raised doubts regarding its authenticity and origin. Eximbank emphasised that this document does not originate from its Supervisory Board or any department within the bank, labelling it as an unauthenticated and unverified source.
 
The bank stated that it has requested the authorities to investigate and clarify the motives behind the dissemination of this document to safeguard the legitimate rights and interests of the bank, its customers, shareholders and partners.
 
In a statement, Eximbank reiterated that its operations remain stable, safe and efficient, meeting the diverse financial needs of its clients and partners. The bank also affirmed that its financial data is transparent and subject to independent audits adhering to international standards.
 
Eximbank’s key financial indicators are currently at safe and stable levels, meeting capital and liquidity requirements while remaining resilient to market risks. The bank strictly complies with regulations set by Vietnamese law and the State Bank of Việt Nam, ensuring transparency in all its activities.
 
Regarding its business performance for the first nine months of 2024, Eximbank reported an 11 per cent increase in total assets compared to the start of the year, marking a 16.9 per cent growth from the same period last year. Total capital mobilisation increased by 9.1 per cent year-to-date and 12.2 per cent year-on-year.
 
Credit balance rose by 15.1 per cent year-to-date and 18.9 per cent from the same period last year. Pre-tax profits have increased across the quarters, with a 39 per cent rise in the third quarter compared to the previous year. The bank’s capital adequacy ratio (CAR) consistently stays between 12-14 per cent, well above the minimum 8 per cent mandated by the State Bank of Vietnam.
 
Eximbank affirmed its commitment to closely cooperate with the authorities to verify and resolve the situation, ensuring that its operations continue to run normally and stably. — VNS
 
Read original article here
Newer News
21/11 VAT tax reduction should continue until mid-2025: MoF
20/11 Tax shift: e-commerce platforms could shoulder seller tax responsibilities
19/11 US affirms Vietnam not manipulating currency
18/11 Exchange rate fluctuations bring huge profits to many banks
18/11 Should Vietnam implement VAT on fertilisers?
18/11 Central bank issues new decisions on deposit interest rates
18/11 Vietnam needs to build a strategy for disaster risk financing and insurance
14/11 Bank lending in HCM City to remain on steady growth path: SBV
12/11 SBV to propose establishment of gold exchange at appropriate time
12/11 New policy drafted to help non-bank credit institutions develop further
Older News
14/10 Foreign exchange rate increases again in October
11/10 Retail credit remains under great pressure
11/10 Banks reduce profit expectations for 2024
10/10 Disbursement rate for public investment remains sluggish: MoF
09/10 State-owned banks struggle to increase capital
08/10 Central bank confident about credit growth this year
07/10 Promoting cashless payments for young
07/10 Transactions of gold on unofficial online market pose high risks
07/10 Banks not allowed to offer promotions to depositors
05/10 An open banking system is essential for a smart city
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,228.33 +11.79/+0.97%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.