The State Bank of Pakistan (SBP) has decided to collect the branch-wise data of Assets and Liabilities from all Microfinance Banks and Development Finance Institutions. According to the SBP Circular NO DS. BS. 2 (1)/000061-18, keeping in view the recent developments and importance of banking services provided by Microfinance Banks (MFBs) and Development Finance Institutions (DFIs) to their customers, the State Bank of Pakistan has decided to collect the branch-wise data from these institutions on the format reported by scheduled banks regularly on half-yearly basis.
The data collected from scheduled banks relates to advances, deposits, investments, bills, debit to deposits, assets liabilities and deposits products on half yearly basis under the directives issued vide circular NO.DS.BS.2 (1)/2010-606 dated 10th May, 2010.
All MFBs and DFIs have been advised to submit the statements containing branch-wise data for end June and end December as per described format within the given timelines. As per new directives, all MFBs and DFIs are required to submit list of Branches Opened/Closed/Merged/Shifted by the 10th of every month.
While, Deposits, Debits to Deposit Accounts, Advances, Bills Purchased and Discounted, Liabilities and Assets, Investment in Securities and Shares and Deposits Product returns are required to submit by 31st January and 31st July for the half year ended December and June respectively.
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