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:

Sr#	Particulars	Revised Timeline
1.	Preparation of IFRS 9 compatible pro forma Financial Statements for year-ended 2019	Aug 31, 2020
2.	Parallel Run of IFRS 9	Periods beginning July 1, 2020

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

Please acknowledge receipt.