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BIFC

All Eps Dividend Board Agm Q1 Q2 Q3

BIFC 02-Jul-2018

(Continuation news of BIFC): But Bangladesh Bank instructed the Company to charge 100% provision for the entire classified loans and lease amount of Tk. 608,85,72,250.00 and revise the books of accounts and get them certified by their external Auditors. Accordingly, the Board of Directors has decided to create 100% provision of all the investment classified as B/L. (cont. 2)

BIFC 02-Jul-2018

Referring to their news disseminated on 03.05.2018 regrading dividend declaration of the company and news disseminated on 16.05.2018 regarding their 1st quarterly unaudited accounts, the company has further informed that the books of accounts were prepared and audited incorporating the results of the audited accounts. (cont. 1)

BIFC 10-Jun-2018

Trading of the shares of the Company will resume on 11.06.2018 after record date.

BIFC 07-Jun-2018

Trading of the shares of the Company will remain suspended on record date i.e., 10.06.2018.

BIFC 27-May-2018

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 from 28.05.2018 to 07.06.2018. Trading of the shares of the Company will remain suspended on record date i.e., 10.06.2018.

BIFC 16-May-2018

(Continuation news of BIFC): total Loan, Advances and Lease amount is Tk. 837.60 crores out of which Classified amount is Tk. 798.33 crores (95.31%). Bad & Loss Loans/Leases amount of Borrowers related to Suman Group is Tk. 621.00 crores which is 77.79% of total classified loans amount. This has also been disclosed in the audited accounts of the Company." (end)

BIFC 16-May-2018

(Continuation news of BIFC): They also detected that ultimate beneficiary of these loans were Major (Retd.) Abdul Mannan, Chairman Sunman Group and Ex-Chairman of BIFC. Bangladesh Bank classified all these loans as BL (Bad & Loss) which was disclosed in the Annual Report-2015 of BIFC. As per audited report for the year ended December 31, 2017 of BIFC, (cont. 2)

BIFC 16-May-2018

In response to a DSE query dated May 13, 2018 regarding a news published in the newspaper citing "95% loan of Major Mannan is in default", the Company has given the following response: "As per Bangladesh Bank Special Inspection Report dated June 24, 2015, about Tk. 518.00 crores was sanctioned and disbursed in favor of different borrowers in highly irregular and fraudulent ways. (cont. 1)

BIFC 16-May-2018

(Q1 Un-audited): EPS was Tk. (1.92) for January-March, 2018 as against Tk. (1.70) for January-March, 2017; NOCFPS was Tk. (1.19) for January-March, 2018 as against Tk. 0.56 for January-March, 2017. NAV per share was Tk. (8.11) as on March 31, 2018 and Tk. 1.45 as on March 31, 2017.

BIFC 16-May-2018

The Company has further informed that their AGM will be held on August 07, 2018 at 10:00 AM in Police Convention Hall, Eskaton Garden, Ramna, Dhaka. Other information will remain unchanged.

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