Saigon Joint Stock Commercial Bank
Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2023
Depositor complaints over bonds and insurance products
Customers alleged that employees encouraged them to replace savings with corporate bonds or life insurance without sufficiently clear explanations. The dispute continued as customers sought repayment and clarity over responsibility.
2022
Van Thinh Phat and SCB lending scandal
SCB was placed at the center of allegations that more than 2,500 loans issued between 2012 and 2022 were used for the benefit of Trương Mỹ Lan and related companies. The cited source estimated that the loans exceeded US$44 billion and represented about 93% of the bank's loan portfolio.
2022
Bank run following Trương Mỹ Lan's arrest
Lan's arrest in October 2022 triggered extensive withdrawals from SCB, producing a liquidity and confidence crisis that led to state intervention.