Inspectors point out many violations at MSB Bank

Minh Ánh |

MSB Bank was inspected and found to have committed a series of violations in stock management, credit and bad debt handling. The inspection agency proposed urgent solutions.

The Banking Inspection and Supervision Department II issued the conclusion of the inspection of Vietnam Maritime Commercial Joint Stock Bank (MSB). The inspection focused on assessing the areas of share management, credit activities and bad debt handling. According to the conclusion, many violations were identified, seriously affecting the operations and reputation of MSB.

The inspection report pointed out the following notable violations:

Shareholding management: The purchase, transfer of shares and the percentage of share ownership have not been in compliance with regulations. In addition, financial reports have errors in transparency and accuracy.

Credit activities: The credit appraisal and approval process still has many limitations. Many loan applications do not have complete documents and do not meet regulatory requirements.

Bad debt settlement: Collateral in bad debt is often degraded or has legal problems, making it difficult to recover and reuse.

In this situation, the Inspectorate has proposed solutions to overcome the outstanding problems. First, it is necessary to be more transparent in the transfer of shares, including building a coordination mechanism between related parties, conducting inspections and providing detailed information to identify illegal transactions.

In addition, credit processes must also be comprehensively improved, especially strengthening the appraisal process, ensuring complete documentation and closely evaluating loan applications to avoid errors. Finally, bad debt handling must be carried out quickly and thoroughly. This includes reviewing and handling degraded or unused collateral assets, especially those associated with production and business activities, to ensure the effectiveness and legality of bad debt handling.

The Inspectorate stressed the need to strengthen supervision, transparency and improve operating procedures to ensure financial security in the future.

Minh Ánh
TIN LIÊN QUAN

State Bank expects credit growth of 16% in 2025

|

The State Bank of Vietnam has just announced the principles for assigning credit growth targets for 2025, expected at 16% for the whole system.

Bank interest rates today: Continue to increase at the end of the year

|

The highest bank savings interest rate is up to 9.5%/year. See now the banks with the most attractive interest rates.

Interest Rate 12/30: Highest Mark After 12 Banks Raise Interest Rates

|

Savings interest rates 12/30: December interest rates recorded 12 banks increasing interest rates, where should I deposit money?

Russian general arrested on corruption charge

|

Russia arrested Senior Lieutenant General Viktor Strigunov, former Deputy Commander of the National Guard, on serious corruption charges.

Accidents lurk but many people still ignore them, determined to ride motorbikes onto the highway

|

Hanoi - Just because they want to get to work quickly, many people still ignore the danger of riding motorbikes on Thang Long Avenue Expressway.

Low pressure forecast to join low pressure near the East Sea right after storm today

|

2 low pressure areas near the East Sea are forecast to form right after Typhoon Today, the fourth typhoon this year in China.

Vietnam Airlines plane has just had to make emergency landing in India to rescue passengers

|

Informing Lao Dong Newspaper on the evening of July 7, a representative of Vietnam Airlines said that the airline had just had to make an emergency landing in India to rescue passengers.

Prosecution of the case and 5 defendants related to the investment project to build a second facility of the two hospitals

|

The Investigation Police Agency has prosecuted the case and prosecuted 5 defendants related to the case that occurred in 2 investment projects to build the second facility of Bach Mai and Viet Duc Hospitals.

State Bank expects credit growth of 16% in 2025

Minh Ánh |

The State Bank of Vietnam has just announced the principles for assigning credit growth targets for 2025, expected at 16% for the whole system.

Bank interest rates today: Continue to increase at the end of the year

Mai Ánh |

The highest bank savings interest rate is up to 9.5%/year. See now the banks with the most attractive interest rates.

Interest Rate 12/30: Highest Mark After 12 Banks Raise Interest Rates

Nhóm PV |

Savings interest rates 12/30: December interest rates recorded 12 banks increasing interest rates, where should I deposit money?