The Decision permits the Vietnam Agricultural and Rural Development Bank to use up to a maximum of 30% of its short-term capital for medium- and long-term loans.
适用范围
Vietnam Agricultural and Rural Development Bank
要点
- The Vietnam Agricultural and Rural Development Bank is permitted to use up to a maximum of 30% of its short-term capital for medium- and long-term loans (Article 1)
- This Decision takes effect from the date of issuance.
- The Chairman of the Board of Directors and General Director of the Vietnam Agricultural and Rural Development Bank must implement this Decision
- The State Bank of Vietnam, provincial branches of the State Bank under central cities shall be responsible for enforcing this Decision.
- The Head of the Department of Banks and Non-Bank Credit Institutions must also implement this Decision
🌐 本文件的社会影响
- Enhance the capacity to provide medium- and long-term loans by the Vietnam Agricultural and Rural Development Bank
- This may create a capital risk management burden on the bank
❓ 常见问题
Which bank is allowed to apply the maximum ratio of 30%?
The Vietnam Agricultural and Rural Development Bank.
For what purpose does this maximum ratio apply?
To use short-term capital for medium- and long-term loans.
全文
DECISION
Regarding the permission for the Vietnam Agricultural and Rural Development Bank
to implement the maximum ratio of short-term capital used for medium- and long-term loans
for medium- and long-term loans
________________
GOVERNOR OF THE STATE BANK
Pursuant to Law No. 01/1997/QH10 on the State Bank of Vietnam dated December 12, 1997;
Pursuant to Decree No. 15/CP dated March 2, 1993 of the Government regarding tasks, authorities, and management responsibilities of Ministries and ministerial-level agencies;
Pursuant to Decree No. 49/2000/NĐ-CP dated September 12, 2000 of the Government on the organization and operation of commercial banks;
At the proposal of the Director of the Department of Banks and Non-Bank Financial Institutions,
DECISION
Article 1. The Vietnam Agricultural and Rural Development Bank is permitted to implement a maximum ratio of short-term capital used for medium- and long-term loans at 30%.
Article 2. This Decision takes effect from the date of issuance.
Article 3. The Director of the Office, the Director of the Department of Banks and Non-Bank Financial Institutions, Heads of units under the State Bank of Vietnam, Governors of provincial branches of the State Bank, Chairmen of the Board of Directors and General Managers of the Vietnam Agricultural and Rural Development Bank are responsible for implementing this Decision.
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