The
Presidents/Chief Executives
All Banks/DFIs
Dear
Sirs/Madam,
QUARTERLY
REPORT OF CONDITION
In
its efforts to streamline the data reporting to SBP through
consolidation of returns and also to adopt the international
best practices in this regard, SBP has decided to revise
the format of the Quarterly Report of Condition.
In this connection, the Quarterly Minimum Capital Requirement
(MCR) Statement being submitted by banks under BSD Circular
Letter No. 13 dated October 24, 2003 has been merged with
the Quarterly Report of Condition as Part-C. The Annual
MCR Statement, duly certified by the external auditors will,
however, continue to be submitted by the banks within three
months of the close of their accounting year. The DFIs,
however, are not required to submit information on MCR (Part-C
and Annual MCR Statement).
The banks and DFIs are also advised to ensure that their
Management Information System (MIS), among others, compiles
information on their exposure to connected parties like
subsidiaries, controlled firms, managed modarabas and other
related parties and report the said information to the SBP
in the revised Quarterly Report of Condition.
The revised format of the Quarterly Report of Condition
is enclosed herewith and is also available on the SBP website
(under BSD Circulars). The banks and DFIs are required to
submit the Quarterly Report of Condition on revised format
with effect from quarter ending December 31, 2003. The banks
and DFIs are advised to ensure the submission of the said
Quarterly Report of Condition within 30 days from the end
of each calendar quarter, in hard copy alongwith a soft
copy in computer diskette on the given format (prepared
on MS Excel Worksheet). For instance, the report for the
quarter ending 31st December 2003 will be submitted by 30th
January 2004 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.