Agreement on Amending the Provision for Loan Loss Reserves
关于修改计提贷款损失准备金的协议
ຂໍ້ຕົກລົງ ກ່ຽວກັບການດັດແກ້ການຫັກເງິນແຮສຳລັບການສູນເສຍເງິນກູ້ລວມ
Summary
Agreement issued by the Governor of the Bank of the Lao PDR amending Article 1 of Agreement No. 342/BOL (May 13, 2008), adjusting the loan loss provision ratio for commercial banks (including branches of foreign commercial banks) to 0.5% to 1% of normal credit balance, and replacing the original agreement.
Articles
Article 1
Article 1 of Agreement No. 342/BOL, dated May 13, 2008, is amended as follows: Commercial banks established within the Lao People’s Democratic Republic, including branches of foreign commercial banks, shall set aside loan loss provisions at a rate of 0.5% to 1% of the normal credit balance. Each commercial bank, including branches of foreign commercial banks, shall report to the Bank of the Lao People’s Democratic Republic the loan loss provision rate it implements within 30 days from the effective date of this Agreement, for acknowledgment.
Article 2
This agreement supersedes Agreement No. 342/BOL dated May 13, 2008.
Article 3
The Commercial Bank and Financial Institution Supervision Bureau, all commercial banks, including branches of foreign commercial banks, are assigned to strictly implement this Agreement.
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