Back Custom print Link Text Only Rich Text Print

  • PD-1.2A PD-1.2A Requirements for Annual Audited Financial Statements Retail Branches of Foreign Banks

    • Submission of Annual Audited Financial Statements

      • PD-1.2A.1

        All retail branches of foreign conventional banks must submit their annual audited financial statements to the CBB within 3 months of the end of the bank's financial year (as required by Article 62 of the CBB Law).

        Added: April 2012

    • Publication of Annual Audited Financial Statements

      • PD-1.2A.2

        Banks must publish extracts from their audited annual financial statements in one Arabic and one English daily newspaper within 3 months of the end of the financial year. The newspaper disclosures may be edited, but must include at a minimum the statement of financial position (balance sheet), the statements of income, cash flow, and where applicable, of comprehensive income.

        Amended: July 2018
        Added: April 2012