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THE RATE OF SHORT TERM CAPITAL SOURCES USING AS MEDIUM AND LONG TERM LOANS

This is one of the contents are promulgated at the Circular No. 16/2018/TT-NHNN dated July 31, 2018 on amending and supplementing a number of Articles of the Circular 36/2014/TT-NHNN providing for prudential ratios and limits for operations of credit institutions and foreign bank branches.

Specifically, credit institutions, foreign bank branches are entitled to use short-term capital sources as medium and long term loans under the following maximum rate schedule:

- From January 01, 2018 to December 31, 2018 inclusively:

+ Banks, foreign bank branches: 45%;

+ Non-bank credit institutions: 90%.

-  From January 01, 2019:

+ Banks, foreign bank branches: 40%;

+ Non-bank credit institutions: 90%.

This Circular takes effect on July 31, 2018.