On November 29, 2019, the State Bank of Vietnam (SBV) issued Decision No. 2505/QD-NHNN on the implementation of Circular No. 41/2016/TT-NHNN of the Joint Stock Commercial Bank for Investment and Development (BIDV).
Accordingly, BIDV shall implement Circular No. 41/2016/TT-NHNN issued on December 30th, 2016 by the SBV Governor stipulating the capital adequacy ratios for the commercial banks and the foreign banks’ branches (hereinafter referred to as Circular 41), starting from December 1st, 2019.
BIDV is responsible for complying with regulations stated at Circular 41, and implementing the statistics reporting mechanism on the capital adequacy ratios in line with the SBV’s instructions. At the same time, BIDV shall also continue to implement the reporting mechanism on the capital adequacy ratios in accordance with Circular No. 36/2014/TT-NHNN of the SBV Governor dated November 20, 2011 stipulating the limits, prudent ratios for operations of the credit institutions and the foreign bank branches (as amended and supplemented) until December 31, 2019.
Le Hang