Decision No. 45/QD-NH1 adjusts the rediscount rate of the State Bank for credit institutions, applicable from April 1, 1994. The Agricultural Bank enjoys a lower interest rate compared to commercial banks and development investment banks.
适用范围
Commercial Banks, Investment and Development Banks, Agricultural Bank, Vietnam Gold Silver Jewelry Corporation
要点
- The Agricultural Bank → enjoys a rediscount rate of 85% → compared to the 95% rate of commercial banks and development investment banks.
- Vietnam Gold Silver Jewelry Corporation → applies a monthly interest rate of 1.6% for working capital supplementation → no information on other rates.
- The rediscount rate is calculated based on the interest rate of the rediscounted project → for special cases, the Governor will decide separately → Article 1
- The interest rates prescribed in this Decision take effect from April 1, 1994 → replacing the rediscount interest rate provisions at Point 2, Article 1 of Decision No. 187-QD/NH1 dated September 30, 1993 → Article 2
- Required reserves of commercial banks exceeding the prescribed limit enjoy an interest rate twice that of the non-interest-bearing deposit rate of credit institutions at the State Bank under current regulations → Decision No. 187-QD/NH1 dated September 30, 1993 → Article 2
🌐 本文件的社会影响
- The Agricultural Bank benefits from a lower interest rate, helping to reduce funding costs and enhance business operations.
- Commercial banks and development investment banks must bear higher interest rates, which may affect business efficiency.
- The State Bank strictly controls the rediscount rate, contributing to stabilizing the credit market.
❓ 常见问题
What is the rediscount rate for the Agricultural Bank?
The rediscount rate for the Agricultural Bank is set at 85% → Article 1
Which bank enjoys a lower interest rate than commercial banks and development investment banks?
The Agricultural Bank enjoys a lower rediscount rate of 85% → Article 1
What interest rate does the Vietnam Gold Silver Jewelry Corporation apply for working capital supplementation?
The Vietnam Gold Silver Jewelry Corporation applies a monthly interest rate of 1.6% for working capital supplementation → Article 1
When does the rediscount rate become effective?
The rediscount rate prescribed in this Decision takes effect from April 1, 1994 → Article 2
How do required reserves of commercial banks exceeding the prescribed limit enjoy interest?
Required reserves of commercial banks exceeding the prescribed limit enjoy an interest rate twice that of the non-interest-bearing deposit rate of credit institutions at the State Bank under current regulations → Decision No. 187-QD/NH1 dated September 30, 1993 → Article 2
全文
Pursuant to …;
REGARDING THE INTEREST RATE ON REFINANCING FUNDS PROVIDED BY THE STATE BANK TO CREDIT ORGANIZATIONS.
GOVERNOR OF THE STATE BANK OF VIETNAM
Pursuant to the Ordinance on the State Bank of Vietnam promulgated by Decree No. 37/LCT-HDON dated May 24, 1990 of the Chairman of the State Council;
Pursuant to the Government's Decree No. 15-CP dated March 2, 1993 stipulating the functions, tasks, powers, and responsibilities for state management of Ministries and ministerial-level agencies;
At the proposal of the Director of the Economic Research Department;
DECISION:
Article 1. Now, the interest rate on refinancing funds provided by the State Bank to commercial banks and development banks is adjusted to 95%. For the Agricultural Bank, it is 85%.
The refinancing ratio is calculated based on the interest rate of the project requesting refinancing. In special cases as designated, the Governor will issue separate decisions.
The Gold, Silver, and Precious Stones Corporation applies an interest rate of 1.6% per month for supplementary working capital loans.
Article 2. The interest rates specified in Article 1 of this Decision shall take effect from April 1, 1994, replacing the discount rate provisions at Point 2 of Article 1 of Decision No. 187-QD/NH1 dated September 30, 1993.
Other interest rates between the State Bank and credit organizations and the National Treasury shall continue to be applied as stipulated in Decision No. 187-QD/NH1 dated September 30, 1993 of the Governor of the State Bank.
Excess reserve deposits of commercial banks over the Governor's prescribed limit shall enjoy an interest rate twice that of the non-term deposit rate of credit organizations at the State Bank according to current regulations (Decision No. 187-QD/NH1 dated September 30, 1993).
Article 3. The General Directors of commercial banks, development banks, the Gold, Silver, and Precious Stones Corporation, the Directors of State Bank Branches, Heads of units under the Central State Bank, and Directors of State Bank branches in provinces and cities are responsible for implementing this Decision.
关系图
点击文件即可打开。红色边框＝改变效力的关系。