Corporate DisclosureALARABANK
ALARABANK Corporate Disclosure — 8 July 2020
Announcement summary
- What happened
- ALARABANK published a corporate disclosure on 8 July 2020. Read the full announcement for details.
- Company
- Al-Arafah Islami Bank PLC.
- Announcement published
Original announcement
(Continuation news of ALARABANK): IFRS 16 defines that a contract is (or contains) a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. IFRS 16 significantly changes how a lessee accounts for operating leases. Under previous IAS 17, an entity would rent an office building or a branch premises for several years (cont.2)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616ace8c5a6b000040056bd6
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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