Quyết định 381/2003/QD-NHNN

DECISION

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,

DECIDES:

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:

"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%;

- 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."

3. Point a, Clause 2 of Article 10 shall be amended as follows:

"a) The money amounts deposited at other credit institutions at home and abroad (except the amounts to be maintained at the Social Policy Bank by State-run credit institutions according to the provisions of the Government's Decree No. 78/2002/ND-CP of October 4, 2002 on credits for poor people and other policy beneficiaries);"

Article 2.- This Decision takes effect 15 days after its publication in the Official Gazette.

Article 3.- The Director of the Office, the Director of the Department for Banks and Non-Bank Credit Institutions; the heads of units under Vietnam State Bank, the directors of the State Bank's provincial/municipal branches, the chairmen of the Management Board and the general directors (directors) of credit institutions shall have to implement this Decision.