Construction Bank will become a subsidiary of Vietcombank in the third quarter of 2023

DNHN - In response to the State Bank's directive to transfer to Vietcombank and after nine years of reorganization, Construction Bank (CB) has undergone a significant transformation and remains committed to its growth objective.

Restructuring and at first selecting "sweet fruit"

On March 5, 2015, CB officially became a bank with 100 percent state-owned capital and Vietcombank's full backing. Under the close supervision of the SBV and with the assistance of Vietcombank, CB has implemented "comprehensive innovation" in all areas, including the governance model, technology system, product and service system, and business model. brand image.

In particular, 2022 is the first year since the restructuring in which CB has received State Bank approval of its business plan and completed all expenditures. Specifically, the total deposit balance surpassed 20,000 billion Vietnamese Dong; the net increase in credit from corporate and retail customers surpassed 5,000 billion Vietnamese Dong; and revenue was diversified through wholesale and retail activities, capital trading, insurance, and debt collection.

Entering 2023 - the ninth year of the restructuring process - along with the progress implementation activities directed by the SBV for the mandatory transfer to Vietcombank, CB is committed to achieving goals such as a deposit balance expected net increase of 10,000 billion dongs, maintaining the balance of 5,000 billion dongs of credit balance in 2022, and a net increase of more than 5,000 billion dongs in a credit balance in 2023. At the end of the first quarter, CB accomplished its objectives, opening the door for the 2023 implementation of the business plan.

CB is also prepared, preparing resources for the journey to enter a new phase, continue to develop healthily and maintain stable growth following the arduous reorganization

Mr. Dam Minh Duc, CEO of CB Bank, stated that CB's transfer to one of the leading credit institutions in Vietnam will mark the beginning of a new journey, the culmination of more than eight years of consistent progress. Restructuring of the banking industry to overcome difficulties, and develop steadily and healthily. CB is prepared for a new journey and opportunity with a comprehensive development focus on technology, human resources, product diversification, network expansion, and business growth.

Utilizing digital technology is essential for achievement.

CB has adopted the 4.0 trend to continuously improve and upgrade its products and services in the digital environment, in keeping with its commitment to innovation and customer-centricity.

Numerous commercial banks have implemented Mobile Apps and eKYC service applications in recent years, making them commonplace. However, for CB, this is a significant "digital revolution" because, in the context of a bank undergoing reorganization, embracing technology requires courage.

From a position of technological deficiency, the current CB has completely self-developed, incorporated technology into system administration, introduced the CBway digital banking application to users, updated it, and is completing the final links. upgrade core banking system...

With CBway, customers actively experience all modern, quick, and simple financial utilities, including online savings, 24/7 fast transfer, interbank transfer, the VietQR utility, phone recharge, and bill payment, with a 100% free service charge.

CB's internal system administration applications include: a work management system (Eoffice), sales management system (CBChoice), risk management system operations (ORM), collateral management system (Collateral), debt collection tracking system (Collection), human resource management system (HRM), etc., and have been in operation for more than five years.

The aforementioned results affirm CB's efforts in investing, building, and developing products and technologies, and represent a step forward in the bank's efforts to digitalize its operations. scale, overall. Deliver to customers products and services that provide the optimal experience.

More than 1,600 CB employees who are steadfast on the path of CB's development - a bank that has endured hardships in nine years of restructuring and is now reaping the benefits - desire and seek a new opportunity. Prepared business operations for the journey ahead.

Thu Hien – Phuoc Lap