VDB must continuously comply with the safety assurance ratio limits in 2020

22:07, 09/07/2024

Recently, the State Bank of Vietnam has signed and promulgated Circular 07/2019/TT-NHNN stipulating the limits and safety assurance ratios in the operations of the Vietnam Development Bank.

According to regulations in Article 9 of Circular 07/2019/TT-NHNN, the Vietnam Development Bank must regularly and continuously comply with the safety limits and ratios in banking operations as stipulated in this Circular, including: Credit granting limit; Liquidity reserve ratio; Loan outstanding ratio compared to total mobilized capital.

NHPT compliance with safety assurance ratios, Circular 07/2019/TT-NHNN

Illustration (source: internet)

In case the Vietnam Development Bank fails to ensure or is at risk of failing to meet the safety limits and ratios in banking operations as stipulated in this Circular, within a maximum of 30 days from the date of failure or risk of failing to meet the limits and ratios, the Vietnam Development Bank must submit a remedial plan to ensure compliance with the safety limits and ratios in banking operations directly or by postal mail to the State Bank of Vietnam (Banking Inspection and Supervision Agency), Ministry of Finance.

Additionally, the Vietnam Development Bank must report fully, promptly, and accurately on the safety limits and ratios in banking operations as required by the State Bank of Vietnam.

Refer to related regulations in Circular 07/2019/TT-NHNN which took effect from January 1, 2020.

Thu Ba

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