Operations are going on “normally” at HCM City-headquartered DongA Bank after five of its managers and employees were arrested for financial wrongdoing, according to the central bank.
The DongA Bank management has nominated deputy general director Nguyen
An to run the bank until a permanent replacement is identified for
its sacked general director.
The central bank announced this afternoon that it had put DongA Bank under special supervision after its inspectors detected illegal activities there that could cause serious financial damage.
MoneyGram and its strategic partner Viet Nam DongA Bank yesterday (Jan
27) launched a new service that will deliver remittances to the homes of
the recipients.
HCM City, which has already almost achieved its full-year target for
preferential lending to enterprises, is seeking to increase the number
by half, a conference heard yesterday .
Shareholders of the joint stock DongA Bank have given the green light
for its board to explore mergers with or acquisition of other lenders as
part of its restructure plans.
The annual General Shareholders'' Meeting of DongA Bank Joint Stock
Commercial Bank on April 26 elected Cao Si Kiem as its new chairman of
the management board.