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ALARABANK

All Eps Dividend Board Agm Q1 Q2 Q3

ALARABANK 29-Jul-2020

(Continuation news of ALARABANK): has been increased as provision against investment decreased by Tk. 114.11 crore in this period compared to previous corresponding period. The Consolidated Net operating cash Flow Per Share (NOCFPS) has been significantly decreased as deposit from customer (other than banks) decrease by Tk. (8.92) crore in this period compared to increased by Tk. 2089.11 crore in the previous corresponding period. (end)

ALARABANK 29-Jul-2020

(Q2 Un-audited): Consolidated EPS was Tk. 0.34 for April-June 2020 as against Tk. 0.07 for April-June 2019; Consolidated EPS was Tk. 0.84 for January-June 2020 as against Tk. 0.51 for January-June 2019. Consolidated NOCFPS was Tk. 2.20 for January-June 2020 as against Tk. 11.00 for January-June 2019. Consolidated NAV per share was Tk. 21.97 as on June 30, 2020 and Tk. 19.43 as on June 30, 2019. The Company also informed that Consolidated EPS (Cont.)

ALARABANK 27-Jul-2020

Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle with cum benefit from 28.07.2020 to 29.07.2020. Trading of the shares of the Company will remain suspended on record date i.e., 30.07.2020.

ALARABANK 22-Jul-2020

Credit Rating Information and Services Limited (CRISL) has rated the Company as "AA" in the long term and "ST-2" in the short term along with a stable outlook in consideration of its audited financials up to December 31, 2019, unaudited financials up to March 31, 2020 and other relevant quantitative as well as qualitative information up to the date of rating declaration.

ALARABANK 22-Jul-2020

As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on July 28, 2020 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2020.

ALARABANK 08-Jul-2020

(Continuation news of ALARABANK): and in 'International Accounting Standard 1 Presentation of Financial Statements'. However, the- Bank would continue to liaison with regulators and related stakeholders and observe the market practice for uniformity and comparability, and-take necessary actions in line with regulatory guidelines and market practice. (end)

ALARABANK 08-Jul-2020

(Continuation news of ALARABANK): impact of these lease items in the Balance Sheet and Profit and Loss Account of the Bank for the year 2019 is not considered to be material. Therefore, considering the above implementation issues the Bank has not taken IFRS 16 adjustments on the basis of overall materiality as specified in the materiality guidance in the 'Conceptual Framework for Financial Reporting' (cont.9)

ALARABANK 08-Jul-2020

(Continuation news of ALARABANK): defined 'low value asset ' which are to be excluded from IFRS 16 requirement and considered lease of 'ATM Booths and other installations' as low value asset. Thereafter, the Bank has reviewed lease arrangements for 'office premises' for consideration under IFRS 16. As per the preliminary assessment of leases for 'office premises', the Bank has concluded that the potential (cont.8)

ALARABANK 08-Jul-2020

(Continuation news of ALARABANK): (Appendix B) of IFRS 16 provide some qualitative guidance on low value asset, but these guidance is focused towards moveable asset. Immovable asset like rental of premises (i.e. real estate) is not covered on those guidance, nor any benchmark on quantification guidance on low value items have been agreed locally in Bangladesh. Nevertheless, as a first step the Bank has (cont.7)

ALARABANK 08-Jul-2020

(Continuation news of ALARABANK): regarding treatment of lease rent, depreciation on ROU assets and interest on lease liability for income tax purposes and applicability of VAT on such items. Finally, paragraph 5 of IFRS 16 provide the recognition exemptions to short-term leases and leases for which the underlying asset is of low value. Although, paragraphs B3 to B8 of the Application Guidance (cont.6)

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