State bank okays foreign bonds to back loans
The Governor of the State Bank of
Vietnam on July 16 signed a decision to list Government bonds in
foreign currencies as collateral for bank loans in Vietnamese dong.
The Governor of the State Bank of
Vietnam on July 16 signed a decision to list Government bonds in
foreign currencies as collateral for bank loans in Vietnamese dong.
Under the decision, commercial banks are allowed to mortgage Government bonds in foreign currencies to the State Bank of Vietnam for their loans in Vietnamese dong.
Such bonds are used in support of commercial banks’ liquidity, in case they have run out of valuable papers that can be mortgaged in the first and second categories.
The decision comes into effect on the signing date./.
Under the decision, commercial banks are allowed to mortgage Government bonds in foreign currencies to the State Bank of Vietnam for their loans in Vietnamese dong.
Such bonds are used in support of commercial banks’ liquidity, in case they have run out of valuable papers that can be mortgaged in the first and second categories.
The decision comes into effect on the signing date./.
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