According to the Circular, banks and foreign bank branches must meet maximum ratios of short-term assets used for grant of mid-term and long-term loans according to the following new schedule:
- From January 1, 2020 to end of September 30, 2021: 40%.
(Circular No. 22 prescribes that the maximum short-term asset ratio to be applied from January 1, 2020 to end of September 30, 2020, and from October 1, 2020 to end of September 30, 2021, must be 40% and 37%, respectively).
- From October 1, 2021 to end of September 30, 2022: 37%;
(Circular No. 22 prescribes that the maximum short-term asset ratio to be applied from October 1, 2021 to end of September 30, 2022 must be 34%).
- From October 1, 2022 to end of September 30, 2023: 34%;
(Circular No. 22 prescribes that the maximum short-term asset ratio to be applied from October 1, 2022 must be 30%).
- From October 1, 2023: 30%.
The Circular No. 08/2020/TT-NHNN is entering into force on October 1, 2020.
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