Bank Sector_New Credit Law_2024

The National Assembly has approved a new Credit Law effective Jul 1. The changes:

• Reducing the cap on individual ownership in a bank (but not for foreigners).
• Reducing credit limits and thus concentration risks.
• Longer maximum periods for holding real estate to assist debt resolution
• Clarity on the rights / benefits for receiving banks that take over weak banks

For the complete report, please access: Bank_Sector_New Credit Law_Jan 24

Analyst: Tanh Tran, tanh.tran@yuanta.com.vn