SBP directs banks to report loans to women-owned businesses in financial statements
MG News | July 02, 2024 at 01:12 PM GMT+05:00
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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