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): Capital Adequacy Ratio (CAR) was negative by 77.95% and Core Capital to RWA was stood negative by 80.1%. (3) Non-compliance of Financial Institution Act 1993: As per Financial Institutions Act 1993, Section-16 "No Financial Institution shall expend or use more than 25% of its Paid-up Capital and reserves for the acquisition or holding of any kind of shares of financial, commercial, agricultural or industrial institution or of any similar institution". (cont. 4)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616aced55a6b0000400596ae
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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