Trang Chủ
The People’s Credit Fund of Tru Huu Commune – Luc Ngan District – Bac Giang Province has been established and operated since 1996 and by the end of 2009; its activities have demonstrated many deficiencies and caused great loss of assets due to the moral hazard of its staffs.
By June 1st, 2011; the People’s Credit Fund of Tru Huu has been dissolved according to the Notice No 76/TB-UBND dated May 31st, 2011 of the President of the People’s Committee of Bac Giang regarding “the obligatory dissolution of the People’s Credit Fund of Tru Huu Commune – Luc Ngan District – Bac Giang Province”, the Decision No 418/QĐ-NHNN-BGI1 dated June 1st, 2011 of the Director of the State Bank – Bac Giang Branch relating to “ the retrieval of working license of the People’s Credit Fund of Tru Huu”, and the termination and withdrawal of Deposit Insurance Certificate dated June 7th, 2011 for the completion of documents and payment for depositors.
Right after the approval of DIV’s Board of Directors on the reimbursement resolution, DIV – North Eastern Regional Branch has coordinated with the State Bank of Vietnam – Bac Giang Branch, Banking for Investment and Development of Vietnam – Bac Giang Branch (the authorized payment agency) and the People’s Committee of Luc Ngan District, the People’s Committee of Tru Huu Commune, the Commission on Liquidation of the People’s Credit Fund of Tru Huu… to reimburse to depositors by Provision of Law. The total amount of reimbursement is VND 3,090,200,300 for 104 depositors on 113 deposit books (including the principal amount of VND 3,030,516,700 and VND 59,683,600 of interests).
On receiving payment, depositors have expressed a great happiness and trust in the State’s policies in protecting legal rights of depositors at Credit Institutions in case of dissolution or bankruptcy…; thereby promoting public confidence in the State’s guiding principles on Deposit Insurance and making a contribution to the social economic stability in the locality.
