Circular on rating credit institutions, foreign bank branches issued
VGP – The State Bank of Viet Nam issued Circular No. 52/2018/TT-NHNN on rating credit institutions and foreign bank branches from 2019 onward.
Other groups consist of (3) foreign bank branches, (4) financial companies, (5) financial leasing companies and (6) co-operative banks.
Based on their scores across the indicators, credit institutions and foreign bank branches are classified into one of the five categories, including Good (A), Fair (B), Medium (C), Poor (D), or Very Poor (E).
Criteria system for rating credit institutions and foreign bank branches includes capital, asset quality, management, liquidity and earnings and sensitivity to market risks.
The Circular takes effect since April 1, 2019.
By Thuy Dung