Banking Update - Circular 02 on loans & provisions
  • 2013-01-23T00:00:00
  • Sector Reports
On 21 January 2013, the SBV released Circular 02/2013/TT-NHNN providing new guidelines for loan classification and loan provision standards. This new circular will replace the current Decision 493/2005/QD-NHNN and Decision 780/QD-NHNN, effective from 01 June 2013. There are some major changes which we’ve outlined below.