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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account