HANOI, June 4 (Reuters) – Vietnam’s central bank lent another $1.2 billion to ailing Saigon Joint Stock Commercial Bank over the last two months, according to a bank document seen by Reuters, taking the total to $24.5 billion as part of its efforts to rescue depositors.
The massive bailout of Saigon Joint Stock Commercial Bank’s (SCB) depositors has so far cost the central bank the equivalent of 6% of Vietnam’s 2023 gross domestic product in special loans.
Source: REUTER
