Decision No. 381/2003/QD-NHNN dated April 23, 2003 of the State Bank of Vietnam amending and supplementing a number of Articles and Clauses of the Regulation on rates of safety in credit institutions’ activities, issued together with Decision No. 297/1999/QD-NHNN5 dated August 25, 1999 of the State Bank Governor
THE STATE BANK
SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
Hanoi, April 23, 2003
AMENDING AND SUPPLEMENTING A NUMBER OF ARTICLES AND CLAUSES OF THE REGULATION ON RATES OF SAFETY IN CREDIT INSTITUTIONS' ACTIVITIES, ISSUED TOGETHER WITH DECISION NO. 297/1999/QD-NHNN5 OF AUGUST 25, 1999 OF THE STATE BANK GOVERNOR
THE GOVERNOR OF THE STATE BANK
Pursuant to Law No. 01/1997/QH10 on Vietnam State Bank and Law No. 02/1997/QH10 on Credit Institutions, of December 12, 1997;
Pursuant to the Government's Decree No. 86/2002/ND-CP of November 5, 2002 prescribing the functions, tasks, powers and organizational structures of the ministries and ministerial-level agencies;
At the proposal of the Director of the Department for Banks and Non-Bank Credit Institutions,
Article 1.-To amend and supplement a number of Articles and Clauses of the Regulation on rates of safety in credit institutions' activities, issued together with Decision No. 297/1999/QD-NHNN5 of August 25, 1999 of the State Bank Governor as follows:
1. Clause 1 of Article 2 shall be amended as follows:
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"1. The maximum rate of short-term capital sources used for the provision of medium- and long-term loans, applicable to credit institutions shall be as follows:
a) For State-run credit institutions:
- For State-run commercial banks: 30%;
- For other State-run credit institutions: 25%.
b) For joint-venture credit institutions:
- For joint-venture banks: 30%;
- For other joint-venture credit institutions: 25%.
c) For foreign banks' branches: 30%.
d) For State- and people-run joint-stock credit institutions:
- For State- and people-run joint-stock commercial banks: 30%;
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- For other State- and people-run joint-stock credit institutions: 20%.
e) Cooperative credit institutions: 10%."
2. To add Point i to Clause 1 of Article 10 as follows:
"i) The deposits to be maintained at the Social Policy Bank by State-run credit institutions shall comply with the provisions in the Government's Decree No. 78/2002/ND-CP of October 4, 2002 on credits for poor people and other policy beneficiaries."
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