To support financial stability, reserve requirement ratios for FX deposits/participation funds have been increased by 100 basis points for all maturity brackets, and the remuneration rate for US dollar-denominated required reserves, reserve options and free reserves
held at the Central Bank of the Republic of Turkey has been decreased by 100 basis points and set as 1 percent.
The bank also said that the remuneration rate for US dollar-denominated required reserves, reserve options and free reserves
held at the bank have been decreased by 100 basis points and set at 1 percent.
The buyback offer size represents 24.73 per cent of the aggregate of the total paid-up capital and free reserves
of the company based on standalone audited financial statements as on March 31.
Similarly, the board also approved the removal of the condition of retaining 15 pc of the enhanced paid up capital as free reserves
after issuance of bonus shares which were an impediment thereby putting the distribution of a stock dividend at par with cash dividend.
The board also approved the removal of the condition which mandates retaining 15pc of the enhanced paid-up capital as free reserves
after issuance of 'bonus shares' which were an impediment and putting the distribution of a stock dividend at par with a cash dividend.
(fund balance), maintained at around EUR250 million or 3% of the budget size, underlines the province's prudence and represent a buffer against future contingencies.
"So their free reserves
are only around $20 billion or so.
GLOBAL marine insurer North P&I Club has revealed a 4.6% increase in its free reserves
, which grew to PS336m.
"The offer size is 20.51% of the total paid-up capital and free reserves
, aggregating up to 113mn A shares or 4.92% of the total shares for an amount not exceeding Rs130,000mn," said the company in an earlier filing.
The buyback size is Rs 3,500 crore, representing 16.39 per cent and 13.62 per cent of the aggregate of the fully paid- up equity share capital and free reserves
as per the standalone and consolidated audited accounts of the company for the financial year ended March 31, 2016.
Data analysed for BSE-listed companies suggest that 387 were consistent in increasing their free reserves
over five years.