Construction Bank resumes loaning

Construction Bank (CB) yesterday afternoon said that the State Bank of Vietnam (SBV) has permitted it to restart loaning a year after a zero dong purchase deal.
 
CB, formerly Vietnam Construction Bank, is one of three banks that SBV purchased at zero dong for underperformance and liquidity risks.
 
In March last year, SBV took the possession of the bank and renamed Construction Bank with the comprehensive assistance by the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank).

By Hanh Nhung – Translated by Hai Mien

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