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SBV approves designation of 14 important banks in 2024

The State Bank of Vietnam (SBV) has issued Decision No. 538/QD-NHNN approving the group of credit institutions and foreign bank branches which play an important role in the country's banking system in 2024.
SBV approves designation of 14 important banks in 2024 ảnh 1The headquarters of the SBV in Hanoi (Photo: VNA)

Hanoi (VNA) - The State Bank of Vietnam (SBV) hasissued Decision No. 538/QD-NHNN approving the group of credit institutions and foreignbank branches which play an important role in the country's banking system in 2024.

Accordingly, the 14 banksincluded in the group are the Vietnam Bank for Agriculture and RuralDevelopment (Agribank); AsiaCommercial Bank (ACB); Lien Viet Post Joint Stock Commercial Bank (LPBank); Vietnam JointStock Commercial Bank for Industry and Trade (VietinBank); Bank for Investmentand Development of Vietnam (BIDV); Vietnam Technological and CommercialJoint Stock Bank (Techcombank); Joint Stock Commercial Bank for ForeignTrade of Vietnam (Vietcombank); Ho Chi Minh City Development Joint StockCommercial Bank (HDBank); Military Commercial Joint Stock Bank (MB); VietnamInternational Commercial Joint Stock Bank (VIB); Saigon - Hanoi CommercialJoint Stock Bank (SHB); Saigon Thuong Tin Commercial Joint Stock Bank(Sacombank); Tien Phong Commercial Joint Stock Bank (TPBank); and VietnamProsperity Joint Stock Commercial Bank (VPBank).

The SBV demanded banking inspection and supervision agencies, as well asits branches in provinces and centrally-run cities nationwide, to closely monitor and supervise, and promptlywarn of risks in the operations of the above-mentioned credit institutions toprevent systemic risks./.

VNA
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