The
Presidents/Chief Executives/Country Managers,
All
Banks/NBFIs
Dear
Sirs/Madam,
QUARTERLY REPORT OF CONDITION
In
terms of BPRD Circular No. 23 dated June 22, 1999, banks and
NBFIs are required to submit to this Department a Quarterly
Report of Condition consisting of balance sheet, profit &
loss account and notes thereof. In the backdrop of amendments
recently made in the prescribed format of annual accounts
of banks and also to make the Quarterly Report of Condition
more comprehensive for effective monitoring of banks/NBFIs,
the State Bank has decided to revise the existing format of
the Quarterly Report of Condition.
The
revised format of the Quarterly Report of Condition, substituting
the existing one, is enclosed herewith.
As per the revised format the Pakistani banks, having
overseas branches as well, will submit their report on the
basis of consolidated position of their domestic and overseas
branches (excluding subsidiaries).
All
the banks and NBFIs are advised to submit their Quarterly
Report of Condition on the revised format with effect from
the quarter ending June 30, 2002 and onwards. The banks and
NBFIs are advised to ensure the submission of the said Quarterly
Report on the revised format to this Department within 30
days from the end of each calendar quarter, in hard copy alongwith
a soft copy in a computer diskette (prepared on MS Excel Worksheet).
For instance, the report for the quarter ending 30th
June, 2002 will be submitted by 30th July, 2002
and so on. In case due date for the submission of the report
happens to be a public holiday the last date will be the following
working day. The delay or non-submission as also the misreporting
in the said statement will be liable to punitive action under
the Banking Companies Ordinance, 1962.
Please acknowledge receipt.
Encl:
As above (in ZIP Format)
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