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SHB said it is holding VND 4,100 billion of real estate bonds

This is the data shared by Mr. Do Quang Hien, Chairman of the Board of Directors of SHB, at the 2022 Annual General Meeting of Shareholders taking place on the afternoon of April 20.

Mr. Vo Duc Tien, Vice President in charge of SHB’s operations, said that by the end of 2021, the total outstanding loans for business loans real estate This bank’s accounts for about 6.75% of total outstanding loans, equivalent to nearly 24,500 billion VND. This is a “relatively low” rate compared to other banks in the system.

SHB said it is holding VND 4,100 billion of real estate bonds - 1

Mr. Do Quang Hien, Chairman of the Board of Directors of SHB, said that the bank has about 4,100 billion dong of real estate corporate bonds. (Photo: QT)

Besides, SHB leaders said that the bank has about 6,600 billion VND investment in corporate bonds, in which, the balance of investment in real estate bonds is 4,100 billion VND.

Regarding the investment in real estate bonds in the context of the bond market being tightened after the incident of Tan Hoang Minh Group, Mr. Hien said that the real estate bond investments at SHB are fully legal regulations, ensuring investment efficiency, bond mobilization projects are good projects with high liquidity.

The Chairman of SHB also emphasized that these bond investments are guaranteed to be for the right purposes of capital use, fully comply with the provisions of the law, and have clear collateral.

Previously, SHB was one of two banks that acted as collateral management agents for a number of bonds of Tan Hoang Minh Group that were banned by the Commission. Stock cancel.

This bank said that it only participates in providing account management services and collateral, therefore, its obligations are limited to service provision and not involved in transactions between banks. buyers and sellers of bonds.

SHB also affirmed that it did not underwrite, guarantee payment, invest and not distribute these canceled Tan Hoang Minh bonds.

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