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ONEBANKPLC

All Eps Dividend Board Agm Q1 Q2 Q3

ONEBANKPLC 26-Jul-2020

(Q2 Un-audited): Consolidated EPS was Tk. 0.20 for April-June 2020 as against Tk. 0.23 for April-June 2019; Consolidated EPS was Tk. 1.03 for January-June 2020 as against Tk. 0.46 for January-June 2019. Consolidated NOCFPS was Tk. (9.94) for January-June 2020 as against Tk. 9.10 for January-June 2019. Consolidated NAV per share was Tk. 20.15 as on June 30, 2020 and Tk. 19.12 as on December 31, 2019.

ONEBANKPLC 20-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 23, 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.

ONEBANKPLC 09-Jul-2020

(Continuation news of ONEBANKLTD): payments discounted using the discount rate implicit in the lease (i.e. weighted average cost of deposit). Subsequently, the lease liability is adjusted for interest and lease payments, as well as the impact of lease modifications, amongst others. The Bank has elected not to recognize right-of-use assets and lease liabilities for leases of low value assets and short (cont.5)

ONEBANKPLC 09-Jul-2020

(Continuation news of ONEBANKLTD): a right-of-use asset at the date of the initial application on a lease by lease basis. Upon lease commencement the bank recognizes a right-of-use asset and a lease liability. The right-of-use asset is initially measured at the amount of the lease liability plus any initial direct costs incurred by the Bank. The lease liability is initially measured at present value of the future lease (cont.4)

ONEBANKPLC 09-Jul-2020

(Continuation news of ONEBANKLTD): the underlying leased asset and a lease liability representing its obligation to make lease payments. ONE Bank Limited has applied IFRS 16: "Leases" for the first time with the date of initial application of 1 January 2019 using modified retrospective approach where the bank measured the lease liability at the present value of the remaining lease payments and recognized (cont.3)

ONEBANKPLC 09-Jul-2020

(Continuation news of ONEBANKLTD): or after 1 January 2019 as adopted by Institute of Chartered Accountants of Bangladesh. IFRS 16 introduces a single lessee accounting model and requires a lessee to recognize assets and liabilities for all leases with a term of more than 12 months, unless the underlying asset is of low value. A lessee is required to recognize a right-of-use asset representing its right to use (cont.2)

ONEBANKPLC 09-Jul-2020

The auditor of One Bank Limited has given the following "Emphasis of Matter" in the audit report of the company prepared for the year ended on 31 December 2019. Emphasis of Matter: In note # 2.24 to the financial statements, the Bank disclosed the compliance status with regard to IFRS-16 as first time adoption. Note 2.24 IFRS 16 Leases: IFRS 16 is effective for annual reporting periods beginning on (cont.1)

ONEBANKPLC 09-Jul-2020

(Continuation news of ONEBANKLTD): term lease i.e; for which the lease term ends within 12 months of the date of initial application. The Bank recognizes lease payments associated with these leases as an expenses. " (end)

ONEBANKPLC 06-Jul-2020

Refer to their earlier news disseminated by DSE on 29.09.2019 regarding Decision for Issuance of Non-Convertible Perpetual Bond, the Company has further informed that that BSEC has accorded consent to issue Non-Convertible Perpetual Bond (at floating rate) for Tire-I Capital, Issue Size: Tk. 400.00 Crore, Tenor: Non-Convertible Perpetual Bond and Use of Proceeds: The proceeds will be treated as Tire- 1 Capital and will help Bank grow its investment and loan portfolio.

ONEBANKPLC 28-Jun-2020

(Continuation news of ONEBANKLTD): ii) Bonus Dividend is declared out of accumulated profit of the Company. iii) Bonus Dividend is not declared from capital reserve or revaluation reserve or any unrealized gain or out of profit earned prior to incorporation of the Company or through reducing paid up capital or through doing anything so that the post dividend retained earnings become negative or a debit balance. (end)

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