Eximbank’s EIB-coded shares fell 2.5 percent to 15,800 dong in the trading session on February 23, despite a sharp increase in shares of the banking sector.
With this reduction, the market capitalisation of Eximbank’s shares was 19.425 trillion dong, down nearly 500 billion dong compared to the trading session on February 22.
The EIB shares reversed the strongly increasing trend of banking stocks on February 23 when Le Nguyen Hung, former deputy director of Eximbank’s HCM City branch, appropriated more than 245 billion dong from account of customer Chu Thi Binh. Binh is a long-time client of this bank, and also the richest woman on the stock market.
Since the end of Feb/2017, suspecting of being cheated, she conducted a comparison of the savings book, finding that more than 245 billion dong in the account was no longer available. Meanwhile, also in February 2017, Le Nguyen Hung resigned from Eximbank and fled from Vietnam.
Chu Thi Binh worked with leaders of Eximbank and reported to the Southern Police Investigation Agency (C44). In early February 2018, the Investigation Police Agency prosecuted the case of “property misappropriation” happening at Eximbank, HCM City branch.
Nguyen Hoang Minhdeputy director of the State Bank of VietnamHCM Branch, said that as soon as the situation occurred, the State Bank of Vietnam and the Banking Supervision Agency, HCM City (Department 2) worked with Eximbank to determine the cause and Eximbank also had to review all the procedures on mobilisation and lending to timely fill the gap.
The State Bank’s HCM City branch requested Eximbank to contact with customers to get information and solve the problem.
