The evaluation and rating of joint-stock commercial banks under State Bank Decision No. 06/2008/QD-NHNN of March 12 will be based on a 100-point scale, of which the maximum score for own assets is 15 points; asset quality: 35 points; corporate governance capacity: 15 points; business performance: 20 points; and capital liquidity: 15 points.
The evaluation and rating of joint-stock commercial banks under State Bank Decision No. 06/2008/QD-NHNN of March 12 will be based on a 100-point scale, of which the maximum score for own assets is 15 points; asset quality: 35 points; corporate governance capacity: 15 points; business performance: 20 points; and capital liquidity: 15 points.
Grade-A banks must attain 80 points or more, grade-B banks: between 60 and 79 points, grade-C banks: between 50 and 59 points, grade-D banks: under 50 points.
Joint-stock commercial banks are required to evaluate and rate themselves once in a given year and send self-rating reports to the State Bank branch in the province or city in which where they are headquartered before May 10 of next year. By May 31 of next same year, the State Bank branches would give comments on the self-ratings of banks, sum up reports of all banks located in their respective localities, and submit these banks’ ratings to the State Bank for approval in June.
(Source: VietnamLaw)
