DEBT REPAYMENT RESTRUCTURING AND DEBT CLASSIFICATION RETENTION POLICY ACCORDING TO CIRCULAR 02/2023/TT-NHNN
Dear Value Clients,
In order to contribute to addressing the difficulties in the economy as well as facilitate you to access new financing sources for production and business, BPCE IOM – Ho Chi Minh City Branch (hereinafter referred to as the “Bank”) would like to inform you of the policy of debt repayment restructuring and debt classification retention as below.
Related regulation |
Circular 02/2023/TT-NHNN dated 23 April 2023 of the State Bank of Vietnam |
Eligibility |
A qualified debt must meet the following conditions: 1. Principal incurred prior to 24 April 2023 and from lending; 2. Principal and/or interest repayment schedule due from 24 April 2023 to 30 June 2024; 3. The debt not yet due or overdue up to 10 (ten) days from the repayment due date, repayment schedule; 4. Assessed by the Bank that the reason for failing to timely repay the scheduled principal and/or interest is from a decrease in actual revenue compared to that in the principal and/or interest repayment plan; and 5. Assessed by the Branch that the Value Client is able to fully repay principal and/or interest in line with the restructured repayment schedule. |
Exclusions |
Debts of legal violation |
Deadline for review |
By the end of 30 June 2024. |
Duration of debt restructuring |
Subject to actual issues of the Value Client, but in no case to exceed 12 months from the due date of the debt to be restructured. |
Required documents |
Please contact BPCE IOM – HCMC for more information. |
Please contact the Customer Contact Manager when you need more information and support.
Thank you.
OTHERS
- ANNOUNCEMENT OF UPDATE SERVICES FEE (Sep 20 2023 09:02)
- PERSONAL DATA PROTECTION NOTICE (Aug 17 2023 09:12)
- Announcement about the disclosure of the capital adequacy ratio as at 31 Dec 2022 (Jun 16 2023 01:59)
- Announcement about the disclosure of the capital adequacy ratio as at 30 June 2022 (Dec 15 2022 10:42)
- Announcement on 2022 BCP Exercise (Dec 09 2022 11:58)
- Notification on Web banking - new version (Oct 06 2022 02:42)
- Notification on change of head office address of BPCE IOM - Ho Chi Minh City Branch (Jul 06 2022 10:21)
- ANNOUNCEMENT ON E-INVOICE ISSUANCE (May 04 2022 02:59)
- Announcement on the operations of BPCE IOM – Ho Chi Minh City Branch from 01 October 2021. (Oct 01 2021 08:31)
- Notice of Servicing During Social Distancing Period (From 7th SEP 2021) (Sep 07 2021 09:44)