Sacombank has processed VND 2,600 billion for FLC ecosystem loan, within 1 month, it will recover all FLC’s debt.
Sharing with shareholders about the relationship with the FLC ecosystem, Sacombank General Director Nguyen Duc Thach Diem said that the outstanding loan balance for FLC and Bamboo Airways businesses is over 5,000 billion VND. In particular, loans to Bamboo Airways were appropriate at that time in order to accompany aviation and tourism businesses facing difficulties due to the epidemic.
According to Ms. Diem, loans to the FLC ecosystem are secured by shares, but behind are many real estate projects in Hanoi and Quang Ninh. So handling these assets is also very good. Currently, the bank has processed 2,600 billion VND, has completed debt collection.
“In a very difficult situation, we can still handle it so well, shareholders can believe that Sacombank is lending very well,” said Ms. Diem.
Mr. Duong Cong Minh, Chairman of Sacombank added, FLC’s debt is only 3,200 billion, has recovered 2,600 billion, within 1 month, the loan will be fully recovered. “Actually, the debt was good, but due to public pressure, Sacombank had to collect it early,” said Mr. Minh.
Before that, right after the Chairman of FLC Group – Mr. Trinh Van Quyet was taken into custody to serve the investigation of manipulating the stock market, Sacombank issued a statement confirming that FLC Group’s loans were guaranteed by FLC Group. ensure legal compliance and safety.
Sacombank said that in 2021, the bank has participated in financing FLC Group, including Bamboo Airways, to meet the capital needs of customers’ business activities. This loan is also in line with the Government’s policy on stimulating tourism demand and supporting airlines after the Covid-19 pandemic.
Sacombank’s credit granting to FLC Group’s customers is carried out in accordance with the law and Sacombank’s internal regulations. Fully secured loans.
Sacombank also said that, up to the time of issuing the announcement, FLC Group was operating normally and fully and on time fulfilling its debt repayment obligations under the credit contract signed with Sacombank.
And as a normal rule in credit granting activities for secured loans, in case of risks, Sacombank will proactively apply measures to handle secured assets in accordance with legal regulations. law to recover debts, ensure safety for Sacombank’s operations.
According to the consolidated financial statements of the fourth quarter of 2021, FLC Group has VND 24,065 billion of liabilities as of December 31, 2021, accounting for 71% and total capital. Loans and financial leases alone are more than 7,205 billion VND, an increase of more than 685 billion VND.
In which, the largest creditor of FLC Group as of December 31, 2021 is Sacombank with a total outstanding short-term and long-term debt of more than 1,840 billion VND.
In early 2021, FLC did not have outstanding loans at Sacombank. This group started borrowing from Sacombank after the signing ceremony of comprehensive cooperation on April 9, 2021 between Sacombank and Bamboo Airways and the ecosystem related to this airline.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
