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020612
STATE BANK OF PAKISTAN BANKING SUPERVISION DEPARTMENT KARACHI.
BSD
Circular No.14
June
12, 2002
The Presidents/Chief
Executives/Country Managers,
All Banks/NBFIs
Dear Sirs/Madam,
QUARTERLY REPORT OF CONDITION
In terms of BPRD Circular
No. 23 dated June 22, 1999, banks and NBFIs are required to submit to this Department
a Quarterly Report of Condition consisting of balance sheet, profit & loss
account and notes thereof. In the backdrop of amendments recently made in the
prescribed format of annual accounts of banks and also to make the Quarterly
Report of Condition more comprehensive for effective monitoring of banks/NBFIs,
the State Bank has decided to revise the existing format of the Quarterly Report
of Condition.
The revised format of the Quarterly Report of Condition, substituting the existing
one, is enclosed herewith. As per
the revised format the Pakistani banks, having overseas branches as well, will
submit their report on the basis of consolidated position of their domestic
and overseas branches (excluding subsidiaries).
All the banks and NBFIs are advised to submit their Quarterly Report of Condition
on the revised format with effect from the quarter ending June 30, 2002 and
onwards. The banks and NBFIs are advised to ensure the submission of the said
Quarterly Report on the revised format to this Department within 30 days from
the end of each calendar quarter, in hard copy alongwith a soft copy in a computer
diskette (prepared on MS Excel Worksheet). For instance, the report for the
quarter ending 30th June, 2002 will be submitted by 30th
July, 2002 and so on. In case due date for the submission of the report happens
to be a public holiday the last date will be the following working day. The
delay or non-submission as also the misreporting in the said statement will
be liable to punitive action under the Banking Companies Ordinance, 1962.
Please acknowledge receipt.
Yours faithfully,
(Jameel Ahmad)
Director
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