Limit of credit extension of the Vietnam Development Bank

19:07, 10/07/2024

The State Bank of Vietnam has just issued Circular 07/2019/TT-NHNN stipulating the limits and safety ratios in the operations of the Vietnam Development Bank.

The total credit extension of the bank based on the bank's own capital in Vietnam must not exceed:

- 15% for a single customer;

- 25% for a single customer and related persons;

In the case of special projects as stipulated by the Prime Minister of Vietnam, the total credit extension may exceed the above limits.

The total credit extension includes the total outstanding investment credit loans, export credit loans; outstanding ODA loan re-lending; outstanding various credit extension operations of the bank; balance of guarantees and balance of funds entrusted to other credit institutions, foreign bank branches for credit extension.

More details can be found in Circular 07/2019/TT-NHNN which comes into force in Vietnam from January 01, 2020.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

0 lượt xem

- This translation is generated by OpenAI's GPT-4o model;
- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn