To facilitate lowering interest rates, the SBV may postpone the application of Basel II and amend Circular 36
With the aim of achieving 18-20% credit growth plus the requirement to reduce average lending rates, it seems that the Basel 2 regulation and the draft amendment of Circular 36 on financial security ratios May not be applied immediately. According to a recent report of Ho Chi Minh Securities Exchange (HSC), many large banks, mainly state-owned banks, have pledged to keep interest rates low and…