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Business & Finance Finance Vietnam banks must provide daily operational report during borrowing refinancing loans
Business & Finance Finance Vietnam banks must provide daily operational report during borrowing refinancing loans
Vietnam banks must provide daily operational report during borrowing refinancing loans
Written by Dailynews.vn Thursday, 15 December 2011 16:45
Under this new Circular, credit institutions are requested to provide daily reports on their operations, sources and uses of funds to the SBV's local branches during the period they borrow refinancing loans from the central bank.
SBV's Monetary Policy Department must be responsible for chairing and coordinating with related units to determine the level of money supply for banks in need, receive and evaluate dossiers of application from credit institutions for loans and submit to the SBV Governor for approval.
The Circular governs the method, time and forms that banks must report to the central bank during the period of lending secured by valuable papers.
The Circular takes effect from December 12, 2011.
Source: www.intellasia.net/news/articles/finance/111350824.shtml
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