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PREMIERBAN

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PREMIERBAN 23-Jul-2020

ARGUS Credit Rating Services Limited (ACRSL) has announced the rating of the Company as "AA+" for long term and "ST-1" for short term in consideration of financials of the Company up to December 31, 2019 (audited), Q1FY20 (unaudited) and other relevant quantitative as well as qualitative information up to the date of rating declaration.

PREMIERBAN 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 4:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended on June 30, 2020.

PREMIERBAN 21-Jul-2020

Trading of the Shares of the Company will resume on 22.07.2020 after record date.

PREMIERBAN 20-Jul-2020

Trading of the shares of the Company will remain suspended on record date i.e., 21.07.2020.

PREMIERBAN 07-Jul-2020

(Continuation news of PREMIERBAN): are of no legal effect as being ultravires to the provisions of section 3(1) and Second Schedule of the Value Added Tax Act, 1991. The matter is under adjudication and the outcome is uncertain. The Bank has started to pay VAT at source on office rent from April 2019. b) Rent expense is reduced for the year in compliance with the requirements of IFRS-16 Leases. " (end)

PREMIERBAN 07-Jul-2020

(Continuation news of PREMIERBAN): On the basis of this advice, the Bank has not deposited any VAT on Rent collected from the Branches till to March 2019. Honorable High Court issued a rule directing the Govt as to why SRO Nos. 202-Ain/2010/551-Mushok, dated 10/05/2010 and 105-Ain/2009/513-Musak, dated 11/06/2009 should not be declared to have been issued without lawful authority and (cont.4)

PREMIERBAN 07-Jul-2020

(Continuation news of PREMIERBAN): was Tk. 1,115,832,491 and for the year ended on 31 December 2018 was Tk. 1,347,465,331 a) Note: Our Tax and VAT adviser, M/S Zia & Associates advised us vide a letter dated March 11, 2011 not to deduct VAT on office rent and pay at source in view of VAT Act 1991 section 3(1). Subsequently a writ petition was submitted before the honorable High Court. (cont. 3)

PREMIERBAN 07-Jul-2020

(Continuation news of PREMIERBAN): Our opinion is not modi?ed in respect of this matter. Note 14.5 Provision for corporate taxation: Closing balance of Provision for corporate taxation as at 31 December 2019 was Tk. 1,291,825,911 and as at 31 December 2018 was Tk. 1,126,303,469 Note 28 Rent, taxes, insurance, electricity, etc.: Balance of Rent, taxes, insurance, electricity, etc. for the year ended on 31 December 2019 (cont.2)

PREMIERBAN 07-Jul-2020

Emphasis of Matter: We draw attention to the note 14.5 and note 28 to the ?nancial statements relating to ?Provision to corporate taxation? and ?Rent, taxes, insurance and electricity etc.? respectively which describe about the uncertainty regarding the outcome of pending litigation regarding corporate tax for the income year 2004 to 2010 and non-deposit of VAT collected at source on office rent. (cont.1)

PREMIERBAN 29-Jun-2020

(Q1 Un-audited): Consolidated EPS was Tk. 0.58 for January-March 2020 as against Tk. 0.50 for January-March 2019. Consolidated NOCFPS was Tk. 1.29 for January-March 2020 as against Tk. 0.57 for January-March 2019. Consolidated NAV per share was Tk. 20.92 as on March 31, 2020 and Tk. 17.17 as on March 31, 2019.

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