Tiếng Việt
Biz Directory
| 1. Palm Garden Resort Category: Hotels & Resort City: Quang Nam Image: |
| 2. UNITECHNIK DE. Category: Communications City: Ha Noi |
| 3. White Sand Doc Let... Category: Hotels & Resort City: Nha Trang Image: |
| 4. VietNamTourism - VITOURS Category: Tour Operators City: Danang Image: |
| 5. Sun Spa Resort and... Category: Hotels & Resort City: Quang Binh Image: |
| 6. Trendy Hotel Category: Hotels & Resort City: Danang Image: |
Friday, 16 September 2011 12:00
Two executives of Dong A Bank’s Tay Ninh branch have been fired for offering a deposit interest rate of 15.5% a year, exceeding the central bank’s ceiling of 14% a year.
On Thursday, the State Bank of Vietnam in the southern province of Tay Ninh dismissed Nguyen Thai Hau, who was the director of Dong A Bank in Tay Ninh and banned him from working in a managing position at this branch for the next three years.
Dong A Bank’s CEO Tran Phuong Binh told Nguoi Lao Dong Newspaper that on September 8, which was also the first day the deposit rate cap took effect, a director of another bank in Tay Ninh offered to deposit VND1 billion (US$50,000) at Dong A Bank in Tay Ninh with a condition: the interest rate must be 15.5% a year.
Hau agreed and the transaction was made at 11am. Yet, afterwards, it was this lender who reported to the central bank about the violation.
Lam Thi Minh Anh, head of accounting of Dong A Bank in Tay Ninh, was also fired.
The central bank also banned Dong A Bank from opening new branches, transaction offices and ATM booths countrywide for a year starting from September 14.
Source: Tuoitrenews
| < Prev | Next > |
|---|
» Big banks rush to build new offices
» Film director voices opinion on censorship laws
» Target on ODA disbursement ‘is within reach'
Latest Category Posts
- Banks must do more to fight money laundering
- Dong/dollar exchange rate to cool down in July
- Credit growth prospects looking brighter
- Industry insider assesses insurance market
- Dollar price increase raises rumor about dong devaluation
- Most banks' gold accounts to close
- Banks raise forex rates on surging short-term demand
- Monetary and fiscal policies go their separate ways
- Bad debts decrease, but worries still exist
- Money men snub real-estate investment
Popular Category Posts
- Vietnam ranks ninth in the world for overseas remittances
- New credit growth limits applied to commercial banks
- Gov’t asks for reduction of interest rate gap
- Establish national gold exchange: experts
- Vietnam second in Southeast Asia remittance ranking
- Illegal loaning found at Sacombank
- Gold price plunge makes investors puzzled
- SBV holds tenth gold bullion auction
- Time for monetary policy loosening
- Blue chips lift shares on both exchanges
- Vietnam pays heavy price for uncontrolled gold mobilization
- Businesses put pressure on central bank to delay bad debt classification
- Bank hits foreign investor limit
- Gold price gap creates fertile land for illegal imports
- SBV to be grilled over gold market management
- Credit quotas make no more significance to banks
- Management of gold market in line with law, says State Bank
- Central Bank official quashes money change rumours
- M&A in banking sector: who will be next?
- Where have the 6 tons of gold gone?
