The Presidents/Chief Executives,

All Banks/DFIs/MFBs

Dear Sirs/Madams,

IMPLEMENTATION OF INTERNATIONAL FINANCIAL

REPORTING STANDARD 9 (IFRS 9)

Please refer to Para 2 of the BPRD Circular No. 04 dated October 23, 2019 on the captioned subject.

2. Keeping in view the prevalent COVID-19 (Corona Virus Disease 2019) pandemic situation, it has been decided to extend the timeline of the following tasks related to IFRS 9 implementation:

3. All other instructions on the subject shall, however, remain unchanged.

Please acknowledge receipt.