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Tuesday, June 18, 2024

SBV tells SCB depositors to calm down amid mass withdrawals

By Hong Ngan

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HCMC – The State Bank of Vietnam (SBV) advised depositors not to make premature cash withdrawals from the Saigon Commercial Bank, or SCB, over negative news linked to the latter.

The central bank said in its press release this morning, October 8, that a large number of people were rushing to withdraw money early from their savings accounts at SCB, after negative news about the commercial bank began circulating on social media yesterday.

The central bank affirmed that it would closely monitor the issue and take measures in line with the prevailing regulations to ensure the rights and interests of depositors and ensure stable operations of SCB and other credit institutions across the country.

Therefore, SBV told depositors not to make early withdrawals and affect their interests.

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