NOTICE OF SELECTION OF PREFERRED ASSET APPRAISAL ORGANIZATION FOR THE NATIONAL CITIZEN COMMERCIAL JOINT STOCK BANK - NCB

National Citizen Commercial Joint Stock Bank (NCB) announces the selection of a preferred appraisal organization (valuation firm) to facilitate credit operations at the Bank. The specific details are as follows:

1. Criteria for Appraisal Organizations

- Must be included in the list of Valuation Enterprises and Branches of Valuation Enterprises eligible for asset appraisal stipulated by the Ministry of Finance (valid at the time of evaluation and documents issued in the preceding year before the evaluation).

- Have a minimum of 02 years in valuation service, with a minimum charter capital of 02 billion VND.

- Have at least 10 employees, including a minimum of 03 certified valuation experts.

- Possess necessary software and equipment such as Data Warehousing, area/dimension measuring instruments, compasses, recording and filming devices, cameras, GPS tracking devices, etc.; with at least 70% of employees to be fully equipped and proficient in their usage.

-  Have linked/contracted to provide valuation services to at least 02 Credit Institutions.

- Have a reputable and capable presence in the market, adhering to business processes in compliance with legal regulations; Commit to avoiding involvement in civil disputes related to valuation activities.

- Provide complete Valuation Certificates and Valuation Reports for assets to NCB and take responsibility for the valuation results as per the Valuation Report and Valuation Certificates provided to NCB.

- Commit to explaining the valuation results and resolving complaints and inquiries related to certificates and valuation reports in writing to State agencies/NCB upon request.

- Maintain the confidentiality of all NCB information acquired by the Company during the appraisal process, unless mandatory disclosure is required by the competent state authority or with written permission from NCB.

- Sign a Cooperation Contract with NCB when selected as the preferred asset appraisal organization to serve credit operations at National Citizen Commercial Joint Stock Bank.

2. Application period:

The list of selected Valuation Organizations will receive priority for a minimum of 1 year from the selection date and will be considered for continued selection if they continue to meet the conditions and requirements of NCB.

3. Deadline and addresses for document submissions:

- Submission period for capacity profiles from Valuation Companies: Valuation Companies can submit their capacity profiles to NCB until the end of November 30, 2023.

- Addresses for document submissions:

Hard copies can be submitted in person or by post, and scanned copies can be emailed to the following address.

+ Contact point: Credit Risk Management Department – Risk Management Division, Ms. Tran Thi Ha Trang - Email: [email protected] - Phone number: 0966.681.396.

+ Address: National Citizen Commercial Joint Stock Bank, 25 Le Dai Hanh, Le Dai Hanh Ward, Hai Ba Trung District, Hanoi.

(Note: NCB will not return Non-selected applications).

4. Required documents

The required documents (certified true copies with the company's seal) include but are not limited to the following:

- Business registration certificate of the Company;

- Certificate of eligibility for valuation services;

- Capacity profile of the Company;

- Annual report (most recent year) of the Company, reporting to the Price Management Department - Ministry of Finance;

- Service fee schedule for Valuation/Service fee policy of the Company for NCB's loan customers;

- Service Level Agreement (SLA) of the Company when providing services;

- Information and documents regarding the Company's scale (number of employees, number of signed contracts, number of certified valuation experts, number of credit institutions collaborated with, etc.);

- List of Valuation Certificates and Valuation Reports issued for credit purposes at NCB from January 1, 2023 to present (including but not limited to: certificate number, customer name, type of asset, asset address, asset value, etc.).

- Decision on the appointment of the company's CEO, Director, or other documents demonstrating the management experience of the CEO/Director of the company;

- Commitment not to be a party in civil disputes related to valuation activities in writing;

- Time commitment to explaining valuation results and coordinating with State agencies as per NCB's request.

National Citizen Commercial Joint Stock Bank hereby invites Valuation Organizations to register and participate in the selection process.