Please refer to State Bank’s circular No. DS.MFS.5
(18)/2009-872 dated 22nd May, 2009, under which banks
are required to submit monthly Sectoral Balance Sheet
(Flow of Funds statement - Annexure A03), Statement of
Deposits Distributed by Deposit Holders (Annexure A05)
and Statement of Loans Classified by Borrowers (Annexure
A07) regularly to Statistics & DWH Department through
DAG Portal of SBP.
In this connection meetings were held with all scheduled
banks on July 29th & August 2nd 2010 at LRC in State
Bank of Pakistan to discuss the issues which banks were
facing in submission of the captioned returns by 5th of
the next month. During the meeting it was agreed that
timelines for submission of the returns will remain 10th
of the next month till December 2010 and for the period
of January to June 2011 it will be 8th of the next month.
However, after June 2011, banks will submit the captioned
returns with a lag of 5 days i.e. 5th of the next month
to which data relates.
Further, regarding the decision made in quarterly SBP-PBA
meeting in February 2007 for banks to establish centralized
reporting units with qualified staff at head office as
well as at regional level, it was informed that progress
made by the banks in this direction is still very low.
Representatives from some of the banks informed that statistical
reporting is still a low priority and neglected area in
their banks. It is reiterated that SBP attaches a huge
importance to the quality and timeliness of data reporting
therefore expects banks to take positive steps for increasing
the efficient and consistent data reporting capabilities.
Encl:
(01)