Corporate DisclosureCITYBANK
CITYBANK Corporate Disclosure — 30 April 2018
Announcement summary
- What happened
- CITYBANK published a corporate disclosure on 30 April 2018. Read the full announcement for details.
- Company
- City Bank PLC.
- Announcement published
Original announcement
The Company has informed that the Board of Directors has approved to change the accounting policy of the bank for fixed assets from Revaluation Model to Cost Model, with effect from January 01, 2017. As a result of the approved change, based on January 01, 2017, the Net Assets Value of the bank will be reduced by Tk. 466,88,58,423.00 i.e. Tk. 5.33 per share.
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616acef05a6b00004005cd83
- Original publication
- Last verified by BullBD
- Translation
- BullBD
More news from CITYBANK
Financial information is provided for general reference only and may be revised by the company. BullBD is not the official DSE website. Not investment advice.