Decision No. 271/QD-NHNN of February 17, 2011, on refinancing interest rate, interest rate applicable to overnight loan in the inter-bank electronic payment and applicable to the loan for making up capital deficiency in clearing payment of State Bank of Vietnam for banks

DECISION

ON REFINANCING INTEREST RATE, INTEREST RATE APPLICABLE TO OVERNIGHT LOAN IN THE INTER-BANK ELECTRONIC PAYMENT AND APPLICABLE TO THE LOAN FOR MAKING UP CAPITAL DEFICIENCY IN CLEARING PAYMENT OF STATE BANK OF VIETNAM FOR BANKS

THE GOVERNOR OF THE STATE BANK

- Pursuant to the Law on the State Bank of Vietnam issued in 2010;
- Pursuant to the Decree No. 96/2008/ND-CP dated 26 August 2008 of the Government providing for the functions, duties, authorities and organizational structure of the State Bank of Vietnam;
- Upon the proposal of the Director of the Monetary Policy Department,

DECIDES:

Article 1. To announce the interest rates of the State Bank of Vietnam as follows:

1. Re-financing interest rate to be of 11.0% per annum.

2. Interest rate applicable to overnight loan in the inter-bank electronic payment and applicable to loan for making up capital deficiency in the clearing payment of State Bank of Vietnam for banks to be of 11.0% per annum.

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Article 3. The Director of the Administrative Department, the Director of the Monetary Policy Department and Heads of units of the State Bank of Vietnam, General Managers of the State Bank branches in provinces, cities under the central Government’s management, Board of Directors and General Directors (Directors) of Credit Institutions shall be responsible for the implementation of this Decision.

FOR THE GOVERNOR OF THE STATE BANK
OF VIETNAM
DEPUTY GOVERNOR




Nguyen Dong Tien