Vietnam’s central bank lends $24 billion to troubled bank

State Bank of Vietnam offering liquidity lifeline to lender mired in financial scandal, Reuters reports

State Bank of Vietnam, Hanoi
State Bank of Vietnam, Hanoi

The State Bank of Vietnam (SBV) has provided a cumulative $24 billion in loans to bail out Saigon Joint Stock Commercial Bank (SCB), a lender embroiled in a multi-billion-dollar financial fraud, according to Reuters.

The central bank had pumped $24 billion in “special loans” into SCB as of April 2, according to a bank document seen by Reuters. An anonymous source shared the document with the news agency.

The document showed that the central bank had started injecting a monthly average of $3.7

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