Corporate DisclosureFEDERALINS
FEDERALINS Corporate Disclosure — 15 September 2020
Announcement summary
- What happened
- FEDERALINS published a corporate disclosure on 15 September 2020. Read the full announcement for details.
- Company
- Federal Insurance PLC
- Announcement published
Original announcement
(Continuation news of FEDERALINS): Balance of Deposits & Prepayments was Tk. 80,360,843 and Tk. 81,061,744 as at 31 December 2019 and 31 December 2018 respectively. Deposit and Prepayments consists of long aged advances amounting Tk. 79,713,409 which is doubtful of recovery. The company made loss allowance for this expected credit losses of Tk. 700,000 and balance of this expected credit loss Tk. 79,013,409. The company will make loss allowance (cont. 7)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616ace8c5a6b000040056237
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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