SVB revises regulations on bank loans for securities

12/02/2008 -- 10:51 AM

Ha Noi (VNA) – The State Bank of Viet Nam has officially revised the regulations concerning commercial bank loans for securities, which are now not to exceed 20 percent of banks’ charter capital instead of the previous cap of 3 percent of total outstanding loan portfolio. The revision was pursuant to Decision 03/2008/QD-NHNN signed recently by Governor of the State Bank of Viet Nam Nguyen Van Giau. As securities transactions resumed on February 12 after a 10-day close for Tet holiday, experts predicted that transactions would be hectic with both VN-Index and HaSTC-Index rallying for gains. At the last trading session on February 1, VN-Index closed at 859.62 points after slipping to 764.13 points on January 24.-Enditem

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