AMEND REGULATIONS ON GRANT OF SPECIAL LOANS TO CREDIT INSTITUTIONS PLACED UNDER SPECIAL CONTROL
The Circular No. 02/2022/TT-NHNN amending and supplementing a number of articles of the Governor of the State Bank of Vietnam’s Circular No. 08/2021/TT-NHNN dated July 06, 2021, on grant of special loans to credit institutions placed under special control, is issued on March 31, 2022 by the State Bank of Vietnam.
Accordingly, the State Bank of Vietnam shall consider granting special loans to credit institutions placed under special control with funding sources from the performance of the central bank’s function in terms of money issuance in case of granting special loans at the lowest preferential interest rate of 0% to commercial banks that have been compulsorily purchased before the effective date of the Law No. 17/2017/QH14 as prescribed in Clause 2 Article 3 of the Law No. 17/2017/QH14.
This Circular takes effect on May 24, 2022.
