THE STATE BANK OF VIETNAM
Circular No. 12/2013/TT-NHNN dated May 27, 2013 of the State Bank of Vietnam amending some articles of the Circular No. 02/2013/TT-NHNN dated January 21, 2013 of the State Bank of Vietnam providing the classification of assets, risk provisioning levels and methods and use of provisions for handling risks in operations of credit institutions and foreign bank branches
Pursuant to June 16, 2010 Law No. 46/2010/QH12 on the State Bank of Vietnam;
Pursuant to June 16, 2010 Law No. 47/2010/QH12 on Credit Institutions;
Pursuant to the Government’s Decree No. 96/2008/ND-CP of August 26, 2008, defining the functions, tasks, powers and organizational structure of the State Bank of Vietnam;
After reaching agreement with the Ministry of Finance;
At the proposal of the Chief Bank Inspector-Supervisor;
The State Bank Governor promulgates the Circular amending some articles of the Circular No. 02/2013/TT-NHNN dated January 21, 2013 of the State Bank of Vietnam providing the classification of assets, risk provisioning levels and methods and use of provisions for handling risks in operations of credit institutions and foreign bank branches (hereafter called the Circular 02/2013/TT-NHNN),
Article 1. To amend clause 1, Article 25 of the Circular No. 02/2013/TT-NHNN as follows:
“1. This Circular takes effect on June 01, 2014”.
Article 2. Implementation responsibilities and organization
The director of the Office, Chief Bank Inspector-Supervisor, heads of the units of the State Bank, directors of the provincial-level State Bank branches, chairpersons of Boards of Directors, Members’ Councils and General Directors (Directors) of credit institutions and foreign bank branches shall implement this Circular.-
Article 3. Implementation provision
This Circular takes effect on June 01, 2013.
For the State Bank Governor
Deputy Governor
Dang Thanh Binh
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