Which information must the Credit Institution Asset Management Company disclose?

20:50, 10/07/2024

This is the content mentioned in Circular 04/2014/TT-NHNN regulating statistical reporting and transparency of information regarding the operations of Vietnam Asset Management Companies of credit institutions.

Effective from June 01, 2014, to ensure transparency in the operations of the Asset Management Company of credit institutions, it is mandatory for this company to publicly disclose information. To be specific:

asset management company, information disclosure

- Management policies and internal regulations on the purchase, sale, and handling of bad debts as stipulated in Clause 1 Article 4 of Circular 19/2013/TT-NHNN;- The processes and methods for valuing debts and assets, and the processes and methods for selling debts and assets established by the Asset Management Company;- Annual business operation reports of the Asset Management Company that have been audited;- Purchase of bad debts from credit institutions;- Sale of bad debts and collateral assets;- Other information as prescribed by law and by the State Bank.

The aforementioned information is disclosed by the Asset Management Company in the manner prescribed in Clause 3 Article 24 of Decree 53/2013/ND-CP.

Refer to the regulations on the periodicity and deadline for information disclosure in Circular 04/2014/TT-NHNN effective from June 01, 2014.

Thu Ba

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