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SBP directs banks to report loans to women-owned businesses in financial statements

SBP directs banks to report loans to women-owned businesses in financial statements
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July 02, 2024 (MLN): The State Bank of Pakistan (SBP) has advised banks/DFIs to disclose the loans disbursed to women and women-owned/managed enterprises in their annual financial statements.

The central bank’s banking policy & regulations department notified through a circular issued on Monday.

This would be effective from the accounting year ending December 31, 2024.

A separate table titled “Advances to Women, Women-owned and Managed Enterprises” under the sub-notes 9.2.1 & 9.2.2 of Note 9 ‘Advances’ of existing formats has been introduced.

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Posted on: 2024-07-02T13:12:37+05:00