Publication of Conditions for Selecting Banks to Deposit Temporarily Idle Treasury Funds

03:49, 10/07/2024

This is a notable content stipulated in Circular 64/2019/TT-BTC regarding the amendment and supplementation of certain articles of Circular 314/2016/TT-BTC, which provides guidance on certain provisions of Decree 24/2016/ND-CP regulating the policies for State Treasury Management.

The State Treasury selects to deposit temporarily idle state treasury funds (NQNN) with a fixed term at commercial banks that meet the following conditions:

- Belonging to the list of commercial banks with a high level of safety as stipulated in Point c Clause 1 Article 7 of Decree 24/2016/ND-CP;- Meeting evaluation criteria regarding the scale of total assets, total owner’s equity, credit quality, and business performance results as stipulated by the Ministry of Finance. The evaluation criteria, scoring methods for each criterion, total evaluation score, and the selection of commercial banks for depositing temporarily idle NQNN with a fixed term are implemented according to the regulations at Point c Clause 1 Article 8 of Circular 314/2016/TT-BTC.

See the detailed content in Circular 64/2019/TT-BTC, effective from November 1, 2019.

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