Circulars/Notifications - Circulars/Notifications    

 BSD Circular No.14
June 12, 2002 


 

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)

Yours faithfully,
(Jameel Ahmad)
Director

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