RECORDS INTO THE REPORTS FOR THE 12 MONTHS ENDED JUNE 30, 2003
3. MONEY AND BANK BALANCES 3.1. RETURN ON THESE SAVINGS ACCOUNTS IS MADE AT RATES WHICH RANGE FROM 2 percent TO 5 per cent
4. SHORT-TERM LOANS 4.1. These loans that are represent clients for a period of as much as 12 months on mark-up basis and they are guaranteed by means of lien on Certificates of Investment. The price of mark-up ranges from 14% to 21.5per cent per year.
4.2. These generally include cash market placements with different banking institutions as well as other finance institutions. Return on these placements ranges from 5% to 13percent.
5. ASSETS through the year that is current the organization offered four federal government securities for Rs 182.288 million. The cost that is amortised of federal federal federal government securities was Rs 159.394 million while the revenue regarding the disposal of those installment loans near me securities amounted to Rs 22.894 million.
The administration made a decision to offer these securities so that you can realise the gain arising on these securities underneath the reduced rate of interest environment. Continue reading Which associated with the after are assets of commercial? banking institutions? I. Reserves. Ii. Loans. Iii. Deposits.