Loan with FLC is not worrisome, there is no intention to mortgage shares
Mr. Nguyen Dinh Tung, General Director of Orient Commercial Joint Stock Bank (OCB) has just shared with the media about the loan with FLC Group.
OCB CEO said that FLC’s loans at OCB are mainly investment loans for projects, in addition, there is a part of short-term working capital loan with Bamboo Airways, but not much.
Regarding the loan mortgaged by shares of Bamboo Airways, currently the total value of assets secured by real estate that the bank holds is more than 2,000 billion VND, much larger than FLC’s loan at OCB (Usually banks only lend 70-80% of the total value of the collateral). It is known that FLC’s debt balance at OCB at the end of 2021 is only VND 1,392 billion.
“If there is a risk, just handling the collateral is the bank’s ability to recover the debt,” said Mr. Nguyen Dinh Tung.
The total amount of collateral in shares of BAV (Bamboo Airways) that OCB received as a guarantee for the loan was only about VND 100 billion – mainly adding additional collateral for the working capital loan and increasing the liability. obligation of the enterprise. The bank’s point of view has always been: real estate is always the key collateral, shares are just additional assets.
OCB leaders also shared that FLC has always paid debts on time, never had a bad debt. Although the arrest of key leaders of the business is bad news, FLC’s operation is currently quite good, the most difficult period is over.
FLC operates in many fields, of which two businesses, namely tourism and aviation, have been affected by the impact of the covid pandemic and the most worrying period of 2020 and 2021 has passed. However, up to now, aviation and tourism activities have prospered and business activities have returned to normal. Although the Chairman of FLC was arrested, the business also had a new leader. Other parts of FLC also function normally, including Bamboo Airways.
As for BAV shares, Bamboo Airways is a good airline. In the context of the recovery of the economy in general and the recovery of the tourism and aviation sectors in particular, BAV stock is not without value. Therefore, at this point, OCB has no intention of selling mortgage shares.
“The news that business leaders have been arrested is bad news, we will closely monitor it to ensure capital safety for the bank. However, at this point, we are relatively secure about the amount of money. loan with FLCdue to the large collateral assets and the business still operating stably”, OCB CEO affirmed.
at Blogtuan.info – Source: Soha.vn – Read the original article here
