| BPRD
Circular Letter No. 04 of 2019 |
March
20, 2019 |
The
Presidents/Chief Executives,
All Banks/MFBs
Dear Sir / Madam
Financial Statements – Frequency, Timelines
& Posting on Website
Please refer to BPRD Circular No. 10 of 2018
dated Nov 27, 2018 on the captioned subject.
In this regard, the instruction of circulating
annual financial statements of banks/MFBs
in hard form to their shareholders under para
1(a) of the circular is being substituted
as under;
The annual financial
statements of banks/MFBs together with the
auditor’s report, directors’
report and chairman’s review report,
as passed in the Annual General Meeting,
may be circulated to their shareholders
in soft form and furnish as regulatory return
to the SBP, within three months of the close
of the period to which they relate. However,
if these statements are requested by the
shareholder(s) in hard form from the bank/MFB,
then the same shall be provided to the shareholder(s),
without any cost and fee.
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Sincerely,
Sd/-
(Muhammad Akhtar
Javed)
Director
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