notes to the consolidated financial statements - Sacombank

4 BALANCES WITH THE STATE BANK
31.12.2011 31.12.2010
Million VND Million VND
Deposits at the State Bank of Vietnam (“SBV”) 2,459,705 3,336,797
Deposits at the State Bank of Laos 112,796 117,059
Deposit at the National Bank of Cambodia 234,849 165,117
2,807,350 3,618,973
Included in deposits at the State Bank of Vietnam is the obligatory reserve. An obligatory reserve is required to be
deposited with the SBV. The balance is adjusted once per month and is calculated as 3% of the average balance of
customer deposits with terms within one year in Vietnamese dong and 1% of the average balance of customer deposits
with terms from above one year. While the balance is adjusted once per month and is calculated as 8% (as at 31
December 2010: 4%) of the average balance of customer deposits with terms within one year in foreign currencies and 6%
(as at 31 December 2010: 2%) of the average balance of customer deposits with terms from above one year.
Included in deposits at the State Bank of Laos is the restricted balance for capital contribution of Laos branch at a minimum
balance of 25% of contributed capital of Laos branch and obligation reserve in accordance to the prevailing regulations of
Laos.
Included in deposits at the National Bank of Cambodia is the restricted balance of US$3.8 million (as at 31 December
2010: US$1.5 million) for capital contribution which is equal to 10% of the contributed capital of Sacombank Cambodia
Bank.
ANNUAL REPORT 2011 108