Nghị định 82/1998/NĐ-CP ban hành danh mục mức vốn pháp định của các tổ chức tín dụng

DECREE

ON THE ISSUANCE OF THE LIST OF LEGAL CAPITAL OF CREDIT INSTITUTIONS

THE GOVERNMENT

- Pursuant to the Law on the Organization of the Government dated 30 September, 1992.- Pursuant to the Law on the State Bank of Vietnam No.01/1997/QH10 dated 12 December, 1997, the Law on the Credit Institutions No. 02/1997/QH10 dated 12 December, 1997.- Upon proposal of the Governor of the State Bank of Vietnam.

DECREES

Article 1.

To promulgate in conjunction with this Decree the List of legal capital for credit institutions.

Article 2.

1. Credit institutions which were granted licence of establishment and business operating licence before the effective date of this Decree and possess a charter capital lower than the respective amount of legal capital mentioned in the List of legal capital attached to this Decree, shall increase the chartered capital to at least the indicated level of legal capital within 3 years from the effective date of this Decree. The annual increase to the capital shall be at least 1/3 of the difference between the chartered capital and the required legal capital.

2. The State Bank of Vietnam shall revoke the operating licence from those credit institutions which can not increase their chartered capital to the level of the legal capital required.

Article 3.

The Governor of the State Bank shall recommend to the Prime Minister for consideration and decision on the change of the legal capital of credit institutions mentioned in the List promulgated in conjunction with this Decree if there is any change in the prudential conditions of the operations of credit institutions, the demand for financing in the economy and the financial position of the State and credit institutions in the process of the implementation of this Decree.

Article 4.

This Decree shall be effective after 15 days from the date of signing and all other previous legal documents not in consistence with this Decree shall be repealed.

Article 5.

Ministers, head of ministerial-level agencies, head of agencies of the Government, Chairmen of People Committees in provinces and cities under the central Government's management shall be responsible for the implementation of this Decree.

LIST OF LEGAL CAPITALS OF CREDIT INSTITUTION(issued in conjunction with the Decree No. 82/1998/ND-CP dated October 3, 1998 of the Government)

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