SBP grants extension to Silk Bank for publishing Half Yearly Accounts till Sept 30

MG News | August 31, 2020 at 02:08 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

August 31, 2020 (MLN): The State Bank of Pakistan (SBP) has granted an extension to the Silk Bank Limited for finalizing and publishing its Half Yearly Accounts for the period ended June 30, 2020, till September 30, 2020.

The notification issued to PSX said, ‘this is on account of expected recoveries/regularization in a major classified portfolio of the Bank, for which proposals are pending approval with SBP / regulatory authorities. The Bank expects to receive the required approvals for regularization of these loans shortly, which would make these accounts regular and improve the bottom line and CAR of the Bank.’

In view of the foregoing, the Board meeting of the Bank scheduled to be held on September 02, 2020, has been postponed. The Bank shall announce the new date & time of the Board meeting to the PSX accordingly.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	167,844.25 170.38M	-0.40% -670.20
ALLSHR	101,190.46 479.24M	-0.24% -244.65
KSE30	50,308.01 73.54M	-0.54% -271.17
KMI30	241,041.17 72.56M	-0.54% -1308.61
KMIALLSHR	65,768.91 266.90M	-0.34% -227.18
BKTi	45,905.17 27.93M	-0.59% -271.56
OGTi	35,557.92 7.24M	-0.32% -112.64

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	75,915.00	77,940.00 75,590.00	-1780.00 -2.29%
BRENT CRUDE	104.25	106.36 101.34	1.67 1.63%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-9.00 -7.56%
ROTTERDAM COAL MONTHLY	113.00	0.00 0.00	0.45 0.40%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	97.00	99.43 94.73	0.65 0.67%
SUGAR #11 WORLD	14.68	14.91 14.59	-0.22 -1.48%