SBP orders banks to create NPL strategy within six months

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

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	125,627.31 258.99M	1.00% 1248.25
ALLSHR	78,584.71 1,142.41M	1.16% 904.89
KSE30	38,153.79 69.25M	0.63% 238.06
KMI30	184,886.50 91.38M	0.01% 13.72
KMIALLSHR	53,763.81 554.57M	0.54% 290.61
BKTi	31,921.68 33.15M	1.78% 557.94
OGTi	27,773.98 9.65M	-0.40% -112.21

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,050.00	109,565.00 107,195.00	565.00 0.53%
BRENT CRUDE	66.53	67.20 65.92	-0.27 -0.40%
RICHARDS BAY COAL MONTHLY	97.00	97.00 97.00	1.05 1.09%
ROTTERDAM COAL MONTHLY	107.65	107.65 105.85	1.25 1.17%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	64.88	65.82 64.50	-0.64 -0.98%
SUGAR #11 WORLD	16.19	16.74 16.14	-0.52 -3.11%