960731

BPRD Circular No.25
dated the 31st July, 1996

Prudential Regulation-XIX—Half-Yearly Data on Financing Facilities under Automated Performance Appraisal System (APAS) :-
It has been decided that effective from 1st July, 1996 particulars/information regarding financing facilities, both fund-based as well as non-fund based, involving a sum of one million rupees or above shall be recorded at the APAS Unit-Computer Services Department, State Bank of Pakistan.

Accordingly, each bank and development finance institution is directed:-
(i) that it shall report to the State Bank particulars of any financing facility that it has extended as per the prescribed Returns, on half-yearly basis as at the close of 30th June and 31 St. December, each year.

(ii) that the information to be provided as per the prescribed Returns shall also include facilities granted in foreign currency equivalent of Pak Rupees One million and above at the foreign branches (including branches in EPZ) of banks incorporated in Pakistan. as well as such facilities granted to Pakistani residents by foreign banks operating in Pakistan at any of their banks' branches abroad.

The formats of the prescribed Returns (to be called Data Input Returns) together with explanatory Notes, institutions' codes and Files Lay out are annexed herewith. The Half-yearly Data Input Returns must reach the State Bank within 21 days of the close of the Half-Year to which the Returns relate. However, the maximum period prescribed for the Returns for the Half-year ended 30-6- 1996 covering data for the year I -7-95 to 30-6-96, is 60 days from the date of issue of BPRD Circular No.25 dated 31 St. July, 1996.

Data is required to be supplied on computer diskettes. Records lay outs and data capture software may be obtained from APAS Unit of the Computer Services Department of the State Bank.

Each bank and development finance institution shall intimate to the Director. BPRD, the names of two senior executives who will be responsible for the correctness and authenticity of the data to be supplied on diskettes. Further, each bank shall, within seven days of the issue of the BPRD Circular No.25, dated 31st July, 1996, intimate the name of the officer (together with his phone and fax number) who will serve as a 'Contact Point' for the purpose of the System. The 'Contact Point' shall be the only Authorised person to deal with the State Bank on matters relating to the System.

Now, therefore, by virtue of the powers conferred upon State Bank under Section 41 of the Banking Companies Ordinance, 1962, all banks and development financial institutions are directed to furnish the State Bank of Pakistan (APAS Unit) with the information/data as per the Half-Yearly Return prescribed in BPRD Circular No.25, dated 31 St. July, 1996 and ensure that the required Returns positively reach the Director, Banking Policy & Regulations Department, State Bank (APAS Unit) within 30 days of the close of the Half-year concerned. Failure to provide the required information in the format and the manner described here in above shall render the concerned officials liable to penalties or such other punitive action as considered appropriate by the State Bank under the provisions of the Banking Companies Ordinance, 1962.