OCB leaders talk about FLC’s loans and Ms. Nguyen Phuong Hang

At the annual general meeting of shareholders on the morning of April 23, leaders of Orient Bank (OCB) received many questions from shareholders about FLC and Dai Nam Group, two customers related to Mr. Trinh Van Quyetgrandma Nguyen Phuong Hang – people who have just been arrested.

With FLCOCB is currently one of the top three lending banks, following Sacombank and BIDV. OCB General Director Nguyen Dinh Tung told VnExpressthe total outstanding loan is currently VND 2,800 billion, including VND 1,500 billion for FLC loans, VND 1,000 billion for Bamboo Airways and VND 300 billion at subsidiaries.

Tung added that the VND 1,500 billion loan to FLC focuses mainly on two projects Tropical 1 and 2 (Landing and Landing 2) in Quang Ninh. The two projects are still in progress and when the loan is legally eligible, disbursement will only be made when the project has cleared the ground. Loans secured by real estate over 2,000 billion VND are land with books granted to investors, not from future projects.

According to Mr. Tung, FLC has always fulfilled its principal payment obligation and has never been transferred to a debt group. The bank has taken many measures including strengthening cash flow control to ensure debt recovery and is negotiating to recover early from VND 1,200 to VND 1,500 billion.

“However, the case of Mr. Trinh Van Quyet breaking the law is a big risk for FLC and its partners. For the bank, we consider this a very important incident”, he explained for the need to collect early repayment.

According to OCB, excluding collateral, the number of goods sold by FLC and customers who are preparing to transfer money is about 2,400 billion VND – ensuring enough debt repayment capacity.

With an amount of VND 1,000 billion for Bamboo Airways to borrow and mortgage with real estate, if this business maintains good operation, the bank will not provide additional capital but still maintain the current outstanding balance.

“In short, the event is a serious event that affects OCB’s credit portfolio management, but because we did it right from the beginning and carefully, we have not been able to determine the loss,” the bank’s chairman shared. .

In his capacity as a lending bank, Mr. Tung hopes that Mr. Quyet’s violation of the law this time is only a personal matter, FLC Group is also facing difficulties but is also cooperating in debt settlement with the bank.

In addition to the customer is FLC Group, OCB’s loan portfolio also has Dai Nam – business related to Ms. Nguyen Phuong Hang. OCB General Director Nguyen Dinh Tung informed that the total outstanding loan from the bank to Dai Nam is over 1,000 billion VND.

“Many people think Dai Nam is a real estate business, but in fact they operate in many fields, including industrial park services, glove manufacturing…”, Mr. Tung said. OCB does not provide loans related to Dai Nam entertainment area, but provides capital for their US-export glove factory.

The incident related to Phuong Hang, according to OCB leaders, is regrettable, should not have been and they have never met, but it is completely different from the risk of FLC Group because Dai Nam is “excessive to repay the debt”. all loans at all banks.

OCB leaders said that after Ms. Hang’s event, customers paid 450 billion dong yesterday (April 22). In the near future, Dai Nam will collect 4,500 billion VND and have more than enough debt to repay.

Quynh Trang