Headlines 04/02/2023 13:52 CH

Vietnam’s amendment to regulations on prudential ratios of banks

Duy Văn

On December 31, 2022, the Governor of the State Bank of Vietnam promulgated Circular No. 26/2022/TT-NHNN on amendments to Circular No. 22/2019/TT-NHNN on limits and prudential ratios of banks and foreign bank branches.

According to the Circular, loan-to-deposit ratios are still calculated according to current regulations prescribed in Circular No. 22/2019/TT-NHNN, but there are adjustments to the total deposit.

Specifically, deposits of domestic and foreign organizations (including deposits of other credit institutions and foreign bank branches), excluding the following amounts:

- Escrows and dedicated capital deposits of clients;

- Demand deposits of the State Treasury;

- Time deposits of the State Treasury according to the following roadmap:

+ From January 1, 2020 to December 31, 2023: 50% of the balance of deposits of the State Treasury;

+ From January 1, 2024 to December 31, 2024: 60% of the balance of deposits of the State Treasury;

+ From January 1, 2025 to December 31, 2025: 80% of the balance of deposits of the State Treasury;

+ From January 1, 2026: 100% of the balance of deposits of State Treasury.

(Previously, according to Circular No. 22/2019/TT-NHNN, the excluded amounts include:  

- Deposits of the State Treasury;

- Escrows and dedicated capital deposits of clients.)

See more details in Circular No. 26/2022/TT-NHNN, which comes into force as of December 31, 2022.

 >> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

Above are the summary and notification of new documents for customers of THU VIEN PHAP LUAT. For more information, please send an email to info@thuvienphapluat.vn.

1.499

More headlines

Most Viewed

Address: 17 Nguyen Gia Thieu street, Ward Vo Thi Sau, District 3, Ho Chi Minh City, Vietnam.
Phone: (+84)28 3930 3279 (06 lines)
Email: info@ThuVienPhapLuat.vn

Copyright© 2019 by THƯ VIỆN PHÁP LUẬT
Editorial Director: Mr. Bui Tuong Vu

DMCA.com Protection Status