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SBV Governor meets ANZ Bank (Vietnam) and SHB
Following a series of meetings with credit institutions over the past few days with the aim of reviewing the implementation of Decision No.131 of the Prime Minister, Governor Nguyen Van Giau of the State Bank of Vietnam (SBV), on February 18, had meetings with the Sai Gon–Hanoi Joint–Stock Commercial Bank (SHB) and ANZ Bank (Vietnam).
Mr. Do Quang Hien , Chairman of the SHB Board of Directors informed that his bank already established the Steering Team to implement Decision No.131, developed the specific rules in line with Decision No. 131 and SBV Circular No. 02 to be implemented by the whole bank. He added that by February 17, SHB had disbursed VND 57 billion for interest rate support loans mainly in Hanoi and the port city of Hai Phong.
For her part, Ms. Dam Bich Thuy, Managing Director of ANZ (Vietnam) Ltd., stated that her bank had disbursed over VND 500 billion by February 18. ANZ (Vietnam) Ltd., she added, has committed to disbursing around VND 15,000 to 17,000 billion in the first half of 2009 and expected to lend about VND 4,000 billion in February and March to the beneficiaries of the interest rate support plan.
The Governor highly appreciated efforts of commercial banks in promptly, decisively and effectively implementing Decision No. 131 of the Government on assisting and supporting the business and productive corporate and individual borrowers in terms of interest rate. In addition, Mr. Giau urged Management Boards of commercial banks to concretize their internal management and responsibility assignment together with the enhancement of oversight in order to effectively implement this Decision in line with the applicable laws.
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