Brian Jeffrey
Eximbank has clarified that a document circulating on social media, claiming to address critical system risks threatening the bank’s operations, is not an authentic communication from them.
The bank is reaching out to authorities for assistance in examining the origins and intentions behind the spread of this document.
The aforementioned document is gaining traction online and alleges serious risks that might endanger Eximbank’s operational integrity, even hinting at a possible system failure. Nonetheless, this single-page letter is unsigned, not stamped, and its authenticity is being questioned.
Eximbank has reiterated that this document does not come from the bank’s Supervisory Board or any of its departments. They stressed that the content is unverified and its source is unclear.
To safeguard the rights and interests of Eximbank along with its clients, shareholders, and partners, the bank has called for a thorough investigation into the reasons behind this document’s release.
In a recent announcement, Eximbank assured the public that it is operating with stability and efficiency, fulfilling the financial demands of its customers and partners. They ensure that their financial data is transparently shared and independently audited in accordance with global standards.
The bank’s financial health remains robust, surpassing both capital and liquidity norms, which places Eximbank in a strong position to tackle market uncertainties. They adhere to the regulations established by the law and the State Bank of Vietnam, maintaining transparency in all dealings.
Discussing the business performance for the first three quarters of 2024, Eximbank reports a total asset growth of 11% since the start of the year, and a notable rise of 16.9% compared to the previous year.
Total deposits have seen an uptick of 9.1% year-to-date and a 12.2% increase year-over-year. Meanwhile, loans have expanded by 15.1% since the year’s outset and 18.9% year-over-year.
Pre-tax profit has displayed steady growth throughout the quarters, with a remarkable 39% increase reported in Q3 relative to the same period last year.
Additionally, the bank’s capital adequacy ratio (CAR) remains comfortably between 12-14%, exceeding the State Bank of Vietnam’s minimum requirement of 8%.
