Corporate DisclosureBIFC
BIFC Corporate Disclosure — 18 July 2019
Announcement summary
- What happened
- BIFC published a corporate disclosure on 18 July 2019. Read the full announcement for details.
- Company
- Bangladesh Industrial Fin. Co. Ltd.
- Announcement published
Original announcement
(Continuation news of BIFC): (7) Deficit of Statutory Liquidity Requirement (SLR): As per FID circular No.-6, November-06, 2003 and FID Circular -2, Dated: November-10, 2004 every Financial Institutions of Bangladesh has to maintain 5% SLR on balance on average of total liability as prescribed by Bangladesh Bank circular from time to time, but in course of our audit for the year ended December 31, 2018, we observed that BIFC failed to maintain sufficient balance as per (cont. 12)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616aced55a6b0000400596a6
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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