The Board of Directors (BOD) of VPBank has approved a resolution for the debt purchase and sale transaction with GPBank. This transaction aims to effectively manage the debt portfolio and optimize VPBank’s assets. Specific terms regarding the debt value, payment methods, and conditions and obligations between the parties will be detailed in the contract. VPBank expects that the debt purchase and sale will help improve asset quality, enhance liquidity, and support GPBank in restructuring and handling bad debts. Both parties are committed to conducting the transaction in accordance with legal regulations and in the best interest of both banks.
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