Circular 08/2026/TT-NHNN: Amendment to Deposit Definition in Bank Liquidity Ratio
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Based on:Thông tư số 08/2026/TT-NHNN ngày 15/5/2026 - Government Official Gazette
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Circular 08/2026/TT-NHNN dated 15 May 2026, issued by the State Bank Governor (signed by Deputy Governor Doan Thai Son), amends point (a) of clause 4, Article 20 of Circular 22/2019/TT-NHNN, redefining the deposit components used as the denominator in the bank liquidity ratio calculation. Under the new rule, deposits from domestic and foreign organisations (including deposits from other credit institutions and foreign bank branches) are included in the denominator, but the following are excluded: (i) margin deposits and special-purpose deposits from customers; (ii) demand deposits from the State Treasury; and (iii) 80% of the balance of time deposits from the State Treasury. This replaces the provision in clause 1, Article 1 of Circular 26/2022/TT-NHNN on the same matter. The circular took effect on 15 May 2026.
Circular 08/2026/TT-NHNN
Issued: Hanoi, 15 May 2026 | Signed by: Deputy Governor Doan Thai Son
Legal basis:
- Law on State Bank of Vietnam No. 46/2010/QH12
- Law on Credit Institutions No. 32/2024/QH15 (as amended by Law No. 96/2025/QH15)
- Decree No. 26/2025/ND-CP on functions and organisation of the State Bank
Amendment content (Article 1): Revises point (a), clause 4, Article 20 of Circular 22/2019/TT-NHNN to read:
"a) Deposits from domestic and foreign organisations (including deposits from other credit institutions and foreign bank branches), excluding the following: (i) Margin deposits and special-purpose deposits from customers; (ii) Demand deposits from the State Treasury; (iii) 80% of the balance of time deposits from the State Treasury."
Implementation (Article 2):
- Effective from 15 May 2026
- Repeals clause 1, Article 1 of Circular 26/2022/TT-NHNN (the previous provision on the same matter)