Eximbank says there is no inspection of its operations

Minh Ánh |

On November 19, a representative of the Vietnam Export Import Commercial Joint Stock Bank (Eximbank) responded to information about the State Bank inspecting Eximbank's operations.

Eximbank representative said that in recent days, Eximbank has continuously received questions from shareholders, investors, customers, and partners about the information that the State Bank issued a separate inspection document to Eximbank related to issues of a "violation" nature in the bank's credit granting activities.

This unit confirmed that it has not received any Decision from the State Bank on conducting an inspection of Eximbank's credit granting activities recently.

"Eximbank affirms that it always strictly complies with the laws and regulations of the State Bank. The bank is still operating stably, safely and effectively, meeting the diverse financial needs of customers and partners," Eximbank said.

In addition, the unit also said that important financial indicators are currently at a high and stable level of safety, meeting well the requirements of capital and liquidity and are fully capable of withstanding market risks.

Most recently, in July 2024, international rating organization S&P Ratings assessed and rated Eximbank's credit rating at "B+" with a "stable" outlook.

"Eximbank's business results for the first 9 months of 2024 show: Total assets increased by 11% compared to the beginning of the year, up 16.9% over the same period; Total mobilization increased by 9.1% compared to the beginning of the year, up 12.2% over the same period; Outstanding loans increased by 15.1% compared to the beginning of the year, up 18.9% over the same period; Pre-tax profit increased over all quarters (in which pre-tax profit in the third quarter increased by 39% over the same period); Capital adequacy ratio CAR is always at the threshold of 12-14% (higher than the threshold of 8% according to the State Bank's regulations).

Eximbank always complies with information disclosure regulations to ensure transparency with stakeholders" - the bank informed.

Minh Ánh
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