Asset growth since September 30, 2017 resulted primarily from a USD224m increase in net loans receivable and a USD119m increase in
held-to-maturity securities.
2% and
held-to-maturity securities slightly offset these with an increase of USD 229 million or 16.
Excluding one-off income from the sale of
held-to-maturity securities that increased comparative earnings last year, net income for the first semester went up by 48 percent, the bank said in a regulatory filing yesterday.
Held-to-maturity securities have risen in value during the same period from Dh101.
Syndicate Bank disclosed, As advised by the RBI, the bank has decided to recognise deferred tax liability in respect of the difference in valuation of
held-to-maturity securities between accounting income and taxable income.
3 billion worth of
held-to-maturity securities to available-for-sale, McKechnie confirmed, with the balance representing additional loss of value experienced during the quarter.
Held-to-maturity securities are reported at amortized cost.
Were any declines in the fair value of available-for-sale or
held-to-maturity securities deemed to be impaired?
81 says auditors ordinarily should obtain written representations from management confirming, with respect to
held-to-maturity securities, that management has the intent and the entity has the ability to hold such securities to maturity.
Excluding one-off income from sale of
held-to-maturity securities in June 2016, net income for the first semester went up by 48 percent, the bank said in a regulatory filing on Thursday.
9%,
held-to-maturity securities increased USD 234 million or 16.
