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): All of these loans and leases are classified as Bad and Loss and there was only 1.30% recovery during this year. However, legal processes are ongoing to recover the amount. (6) Deficit Cash Reserve Requirement (CRR): As per FID circular No.-02, Dated: November 10, 2004 every Financial Institutions has to maintain Cash Reserve Requirement (CRR) of 2.5% on the bi-weekly average basis of their total term deposit with a provision of minimum 2% (cont. 8)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616aced55a6b0000400596aa
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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