Tuesday, 21/08/2012 13:29

VCB: Explanation for not submitting the consolidated Q2.2012 financial statements

Joint Stock Commercial Bank for Foreign Trade Of Viet Nam has explained the consolidated financial statements of Quarter 2.2012 did not submit because of the following reasons:

-         As specified in Circular 52/2012/TT-BTC, VCB is the parent company. So, VCB is required to disclose the audited financial statements within 45 days after the end of the first 06 months period and have to issue the audited financial statements of 06 months period within 60 days.

-         VCB had collaborated with independent auditing company to control the semi-annual financial statements. Accordingly, the consolidated financial statements of Quarter 2.2012 established by the bank were audited directly by the independent auditing company on the same day in consolidated financial statements established by the bank.

-         The audited financial statements were the consolidated financial statements established by the Bank.

HOSE

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