9,154
October 22, 2009
News : Banks’ and DFIs’ profits are likely to witness a significant increase of some 10-12 percent in 2009 with the State Bank’s move to allow them to avail 40 percent benefit of Forced Sale Value (FSV) of collateral for calculating provisioning requirement,…"SBP’s moves would put positive impact on the banking industry, which is already facing severe problems including slow deposit growth and rising NPLs," said a banker. At a time when banks’ profits are facing pressure from rising NPLs, the availability of 40 percent FSV benefit would help improve to improve earnings, he added… Aaj News
Market Low : 8,971.22 High : 9,349.35
Market Close : 9,154 — 93.79 points down
