Decision No. 780/QD-NHNN dated April 23, 2012 of the State Bank of Vietnam on classification of rescheduled loans

DECISION

ON CLASSIFICATION OF RESCHEDULED LOANS

--------------------

GOVERNOR OF THE STATE BANK OF VIETNAM

Pursuant to the Law on the State Bank of Vietnam No.46/2010/QH12 of June 16, 2010;

Pursuant to the Law on credit institutions No. 47/2010/QH12, of June 16, 2010;

Pursuant to the Government’s Decree No. 96/2008/ND-CP, of August 26, 2008, on regulating functions, tasks, powers and organizational structure of the State Bank of Vietnam;

At the proposal the Chief Inspector of Banking Inspection and Supervision Agency;

DECIDES:

Article 1: To reflect the objective repayment capacity of customers in the current context, and on the basis of the assessment by credit institutions and foreign bank branches  that their customers are doing well their business and have good debt repayment capacity after being restructured or adjusted for repayment periods, these rescheduled loans are kept in their pre-rescheduled classification groups.

Article 2:

This Decision takes effect on the date of its signing. All amendments, supplements are decided by the Governor of the State Bank of Vietnam.

Article 3:

The chiefoftheAdministrative Department, Chief Inspector of Banking Inspection and
Supervision Agency, Headsof unitsunder the State Bank of Vietnam, Managersofbranches ofthe State Bankof Vietnam in provincesand centrally-runcities,Chairman ofthe Board ofDirectors,Chairman ofthe Members’ Council and GeneralDirectors(Directors) of credit institutions,branches of foreign banksshall be responsible for the implementation of thisDecision./.

FOR GOVERNOR OF THE STATE BANK

DEPUTY GOVERNOR

DANG THANH BINH