Regulatory Alerts2013-08-12
Added · Updated
BRPD Circular Letter No. 14: Acquisition of Immovable Properties by Banks
Banks are prohibited from acquiring new immovable or fixed assets if their total book value exceeds 30% of paid-up capital. Banks currently exceeding this threshold must increase their paid-up capital proportionally before they can purchase additional properties. This directive is effective immediately under Section 45 of the Bank Company Act, 1991.
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