Legal basis
- Law on Credit Institutions 2010
- Decree No. 39/2014/ND/CP
Content
In the financial business of companies, when issuing cards, factoring, and forms of credit, it is necessary to meet specific legal conditions. In this article, we would like to guide you about the conditions for issuing credit cards of financial companies.
Firstly, have a team of qualified staff, professional capacity, facilities, technology, means, equipment and internal regulations in accordance with the law to carry out card issuance activities. credits stated in the License.
Second, fully meet the professional conditions for credit card issuance as prescribed by the State Bank.
Third, finance companies established and operating before the effective date of Decree 39/2014/ND-CP may supplement credit card issuance activities when fully meeting the conditions specified above. and the following conditions:
- Complying with regulations on prudential ratios in banking operations, debt classification and provisioning for risks continuously in all quarters of the year preceding the year in which additional operations are requested;
- NPL ratio below the level prescribed by the State Bank;
- Not be sanctioned for administrative violations in the field of currency and banking within 01 consecutive year from the time of request for additional activities.
- Business activities with continuous profit for at least 02 consecutive years preceding the year of request for additional operations;
Above is our consultancy about this issue. If you need more detailed advice and answers as well as how to access this service, please contact directly the Deputy Director of Sales: Lawyer Nguyen Duc Trong via hotline: 0912.35.65.75, 0912.35.53.53 or call the free legal consultation hotline 1900.6575 or send a service request via email: info@hongbanglawfirm.com hoặc lienheluathongbang@gmail.com
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