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ICBIBANK

All Eps Dividend Board Agm Q1 Q2 Q3

ICBIBANK 22-Apr-2021

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 April 28, 2021 at 2:35 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2021.

ICBIBANK 11-Apr-2021

(Continuation news of ICBIBANK): The initiatives taken by the Bank are cost optimization, profit maximization through increasing loans and advances, launching new products, etc. The Bank is considering various options and plans to address the issue of working capital deficiency. The net loss of the Bank has decreased in the year 2020 by 55.81% compared to last financial year (2019). (end)

ICBIBANK 11-Apr-2021

(Continuation news of ICBIBANK): against settlement of Investments, namely, Kushal Centre and Bishal center which will fetch approximately BDT 180 crores. This amount will be absorbed in the Banks retained earnings as well as help in upgrading the Bank's present capital base. (cont.6)

ICBIBANK 11-Apr-2021

(Continuation news of ICBIBANK): are awaiting the outcome of these cases which are still pending in the Appellate Division of the Supreme Court for hearing. The management is optimistic about the cases that the final ruling of the court will be in favour of Bangladesh Bank which will pave the path for injecting fresh capital. The Bank had presented its financial statements for the year ended 31st December 2020 on a going concern basis. The Bank is trying to sell the two properties acquired (cont.5)

ICBIBANK 11-Apr-2021

(Continuation news of ICBIBANK): and capital adequacy ratio of (133.16%) as against minimum of 12.50%; Profit paying deposits aggregates to BDT 7,447.01 million as against the profit earning investment of BDT 1,852.56 million as at 31 December 2020; Overall 78.37% of investment of the bank is classified. Six legal cases have been initiated by the erstwhile promoters against Bangladesh Bank in connection with forfeiture of their shares, the present majority shareholders of ICBIBL (cont.4)

ICBIBANK 11-Apr-2021

(Continuation news of ICBIBANK): As stated in Note 3.3, these events or conditions, along with other matters as set forth in Note 3.3, indicate that a material uncertainty exists that may cast significant doubt on the Bank's ability to continue as a going concern. Our opinion is not modified in respect of this matter. "NOTE: 3.3- The Bank has an accumulated loss of Tk. 18,841.43 million for the year ended 31 December 2020; Negative equity of Tk. 1 ,659.25 million as at 31 December 2020(cont.3)

ICBIBANK 11-Apr-2021

(Continuation news of ICBIBANK): (2019: Negative equity Tk. 11,374 million) as at 31 December 2020 and capital adequacy ratio of (133.16%) (2019: -133.11%) as against minimum of 12.50% (2019: 12.50%); Profit paying deposits aggregates to BDT 7,447.01 million (2019: Tk 7,683 million) as against the profit earning investment of BDT 1,852.56 million (2019: Tk 1,350 million) as at 31 December 2020; Overall 78.37% (2019: 84.04%) of investment of the bank is classified. (cont.2)

ICBIBANK 11-Apr-2021

The auditor of the ICB Islamic Bank Limited has given the "Emphasis of Matter" paragraph in the Auditor's Report for the year ended on 31 December 2020. Emphasis of Matter: "Material Uncertainty Related to Going Concern: We draw attention to Note 3.3 in the financial statements, which shows that the Bank has an accumulated loss of Tk. 18,841 million (2019: Tk. 18,654 million) for the year ended 31 December 2020); Negative equity of Tk. 11,659.25 million(cont.1)

ICBIBANK 05-Apr-2021

The auditor of the ICB Islamic Bank Limited has given the "Emphasis of Matter" paragraph in the Auditor's Report for the year ended on 31 December 2020. Emphasis of Matter: We draw attention to Note 3.1(xv) of the financial statements, which describes matters related to implementation of ?IFRS 16 Leases? including preliminary assessment of its impact as assessed by management. Our opinion is not modified in respect of this matter.

ICBIBANK 01-Apr-2021

The auditor of the ICB Islamic Bank Limited has given the "Emphasis of Matter" paragraph in the Auditor's Report for the year ended on 31 December 2020. Emphasis of Matter: We draw attention to Note 3.1(xv) of the financial statements, which describes matters related to implementation of 'IFRS 16 Leases' including preliminary assessment of its impact as assessed by management. Our opinion is not modified in respect of this matter.

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