The PM has signed Decision No.30/2015/QD-TTg to amend and supplement several regulations on financial management of the Bank for Social Policies (BSP), which were issued together with Decision No.180/2002/QD-TTg dated December 19, 2002.
The PM has signed Decision No.30/2015/QD-TTg to amend and supplement several regulations on financial management of the Bank for Social Policies (BSP), which were issued together with Decision No.180/2002/QD-TTg dated December 19, 2002.
Article 3 of Decision No.180/2002/QD-TTg regulates that the BSP receives and manages capital sources of the Government and the People’s Committees at all levels, as well as mobilize capital among local and international organizations and individuals to lend disadvantaged people and policy beneficiaries.
According to the newly-issued decision, the BSP can preferentially borrow and access idle funds or capitals with low interests, based on the balance of the State budget, the official development assistance source, aid and other low-interest capital sources.
The newly-issued decision also amends and supplements regulations on the BSP’s working capital. Accordingly, the bank’s charter capital is from the State budget when it was established and supplemented during its operation. The charter capital is supplemented annually in line with its credit growth rate assigned by the PM.
The bank’s capital can be sourced from other regulated funds and non-refundable aids from local and international organizations and individuals.
It is also regulated that trust services’ fees are not over 0.125% per month compared to the old regulation of 0.22% per month.
The total payment for the fees of organizations and commissions for borrower groups is newly regulated at 0.125% per month counted on the balance and decided by the BSP.
(Source:VGP)
