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LANKABAFIN

All Eps Dividend Board Agm Q1 Q2 Q3

LANKABAFIN 17-Jun-2020

(Continuation news of LANKABAFIN): material uncertainty that may cast any doubt upon the LankaBangla Finance Limited?s ability to continue as a going concern and hence, whilst uncertain, we do not believe that the impact of the COVID-19 virus would have a material adverse effect on our financial condition or liquidity. ii) Dividend Information The Board of Director in its 121st Meeting held on 08 June 2020 has (cont. 18)

LANKABAFIN 17-Jun-2020

(Continuation news of LANKABAFIN): and an assessment of the levels of facilities expected to be available to the company, the management strongly believes that the LBFL has adequate resources for a period of at least 12 months from the date (08 June 2020) of authorized for issue of the financial statements. So, based on the facts and circumstances known at this moment, the management believes there is no (cont. 17)

LANKABAFIN 17-Jun-2020

(Continuation news of LANKABAFIN): ratio and is confident enough to undertake all crisis management and business continuity measures. COVID-19 has also been addressed under the area of principal risk and uncertainties at entity level and reported in the Directors? report. The Management has analyzed the possible impact and also taken reasonably adequate mitigating measures in response. Upon a rigorous review (cont. 16)

LANKABAFIN 17-Jun-2020

(Continuation news of LANKABAFIN): which is required in normal business scenario but not 100% applicable during overall slowdown of macroeconomic and industry specific environment; viii) Strong recovery, monitoring and collections efforts. Furthermore, the management is continuously monitoring LBFL?s capital adequacy ratio, buffer liquidity reserve, line of defenses against any liquidity shock, NPL to total loan (cont. 15)

LANKABAFIN 17-Jun-2020

(Continuation news of LANKABAFIN): contingency plan and monitoring it on regular basis to avoid any liquidity mismatch; v) Restructuring and relocating of office spaces to reduce both size of office space and per square feet rent. This initiative will save a significant amount after implementation; vi) Effective cost control measures are already in place to combat the unprecedented situation. vii) Reduce certain expenses (cont. 14)

LANKABAFIN 17-Jun-2020

(Continuation news of LANKABAFIN): home; ii) The business model will be changed from traditional model to digitally Enabled Business model whereby most of the activities from business acquiring to customer service will be done by digitally; iii) Prudent balance sheet and cash management to ensure enough liquidity to manage all obligations; iv) Implementing liquidity (cont. 13)

LANKABAFIN 17-Jun-2020

(Continuation news of LANKABAFIN): moderate risk and only 27% borrowers are in high risk, that means majority of the borrowers are in moderate state and are not prone to higher risks. The management has already taken and will take a number of measures to monitor and prevent the further effects of the COVID-19. i)This includes safety and health measures for the employees like social distancing and working from (cont. 12)

LANKABAFIN 17-Jun-2020

(Continuation news of LANKABAFIN): consequence business, is exposed to COVID-19 for a longer period of time, this may result in prolonged negative results and pressure on our liquidity and profitability. However, LBFL has taken various measures to keep the Company?s going concern status. Also, management assessment on current loan portfolio depicts that 10% of the borrowers are in low risk, 63% borrowers in (cont. 11)

LANKABAFIN 17-Jun-2020

(Continuation news of LANKABAFIN): Therefore, timely recovery of a number of loans might be at risk. As a result, non-earning assets (SMA and NPL) may rise at the end of 2020 (if the existing waiver of classification is not further extended) resulting significant provision and interest suspense. Response to address the COVID-19 Effects: However, the COVID-19 virus can evolve in various directions. If society, and as a (cont. 10)

LANKABAFIN 17-Jun-2020

(Continuation news of LANKABAFIN): card; However, the effect of this is still unclear as Bangladesh Bank has not yet spelled out the treatments of blocked interest income from credit card. ? Adverse impacts on future cash flows resulting from lower sale/demand of products or services of many of our clients? businesses are quite obvious. (cont. 9)

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