SBP orders banks to create NPL strategy within six months

MG News | July 24, 2024 at 02:13 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

July 24, 2024 (MLN): The State Bank of Pakistan (SBP) instructed banks to develop a comprehensive Non-Performing Loans (NPLs) management Strategy, duly approved by their Board of Directors, according to the circular issued to the Presidents and CEOs of all banks.

This is to facilitate banks to deal with the existing stock of NPLs and minimize further build-up of NPLs.

While developing the said strategy, banks shall appropriately follow the Guidelines on NPLs Management Strategy.

"Banks are advised to ensure the development and implementation of the Strategy within six months from the issuance of this circular," the circular reads.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	165,596.07 264.75M	-0.54% -902.76
ALLSHR	100,017.71 623.24M	-0.46% -463.69
KSE30	49,464.92 86.97M	-0.60% -299.08
KMI30	238,952.40 97.00M	-0.58% -1388.16
KMIALLSHR	65,314.16 323.73M	-0.44% -285.47
BKTi	44,788.98 46.84M	-0.77% -347.65
OGTi	35,107.09 7.04M	-0.41% -145.22

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	79,165.00	81,895.00 78,675.00	-2455.00 -3.01%
BRENT CRUDE	109.47	109.75 106.26	3.75 3.55%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-2.95 -2.61%
ROTTERDAM COAL MONTHLY	109.00	109.00 108.75	1.25 1.16%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	101.16	101.57 97.23	4.24 4.37%
SUGAR #11 WORLD	14.78	15.07 14.67	-0.21 -1.40%