Corporate DisclosureFIRSTFIN
FIRSTFIN Corporate Disclosure — 16 July 2019
Announcement summary
- What happened
- FIRSTFIN published a corporate disclosure on 16 July 2019. Read the full announcement for details.
- Company
- First Finance Limited
- Announcement published
Original announcement
(Continuation news of FIRSTFIN): which describe the effect of a provision shortfall against Leases, Loans and Advances. The provision recorded by the Company as at 31st December 2018 has a shortfall of Tk. 460,000,000.00. The Company has obtained permission from Bangladesh Bank through letter no. DFIM(C) 1054/42/2019-1272 dated 23 June 2019 to adjust this shortfall and increase the provision amount within five (5) years starting from the year 2020. (cont. 2)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616aced55a6b0000400596ff
- Original publication
- Last verified by BullBD
- Translation
- BullBD
More news from FIRSTFIN
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.