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.
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.
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.
The declines were primarily due to reductions in net gains on derivatives and hedging activities, which were impacted by the effect of the interest-rate swaps hedging the bank's available-for-sale securities, market value changes on the bank's fair value hedging transactions, and in second quarter 2011, the gain on sale of held-to-maturity securities
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.