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Profit to the shareholders


jb4388
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This will be nice when all banks start doing this........

 

 

CBI Announcements 

According to the letter of CBI (dated March 13, 2018), since almost all banks have reached the minimum required capital and their share prices are at low levels, CBI asked the licensed banks to start distributing the bigger part of their profit to the shareholders. In this letter, CBI referred to its letter dated on June 29, 2016, which was related with its decision for banks to make them to allocate 75% of their profits as doubtful loans to cover the losses of branches operating in the areas occupied by ISIS while to distribute the remaining 25% as dividends or increase capital through bonus issue.

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