Circular No. 26/2012/TT-NHNN dated September 13, 2012 of the State Bank of Vietnam guiding the approval procedures of the State Bank of Vietnam for listing shares of joint-stock credit institutions on the domestic and foreign securities market

CONDITION FOR LISTING SHARES IS THE BAD DEBT RATIO < 3% IN 02 QUARTERS

This is one of the conditions for credit institutions to list joint-stock credit institutions on the securities market as prescribed under the Circular No. 26/2012/TT-NHNN dated September 13, 2012 of the State Bank of Vietnam guiding the approval procedures of the State bank of Vietnam for listing shares of joint-stock credit institutions on the domestic and foreign securities market.

Besides the conditions of the bad debt ratio < 3% compared to the total outstanding debt at the end of the quarter in 02 quarters preceding the quarter when they apply. Joint-stock commercial banks; Joint-stock financial companies; Joint-stock finance leasing companies must comply with other conditions for listing joint-stock credit institutions on the securities market.

Specifically, the shortest operation time is 02 years at the time of applying; the actual value of the charter capital at the time of applying is not lower than the legal capital as prescribed by current law provisions; the business is profitable according to the audited consolidated Financial statements and audited separate Financial statements in 02 consecutive years prior to the year when they apply; Within 12 months prior to the time of applying, the joint-stock credit institution must not incur total fines of 30 million VND or more for administrative violations of finance and banking.