The State Bank of Pakistan (SBP) has announced to enhance the Quarterly Compendium by providing detailed coverage on performance and soundness of Microfinance Banks (MFBs). Considering the growing importance of financial inclusion and role of the MFBs therein, the State Bank has decided to start publishing comprehensive data of MFBs in the Quarterly Compendium (QC) starting from third quarter of 2017 (Q3CY17) onwards.
In order to provide relevant and up to date information to the stakeholders about the state of the affairs of the Banking System, the State Bank regularly publishes banking statistics in the form of Quarterly Compendium (QC) on its website. The QC provides financial data as well as information on key Financial Soundness Indicators (FSIs) for Banking System, Islamic Banking (IB) and Development Financial Institutions (DFIs).
According to the SBP, now it has been decided to start publishing comprehensive data of MFBs in the QC starting from third quarter of 2017 (Q3CY17) onwards. Earlier some broad numbers on MFBs have been published by the SBP as part of its publications including "Development Finance Reviews" and "Financial Stability Review".
The enhanced QC provides detailed information on performance and Financial Soundness of MFBs, in addition to coverage of Banking System, IBs and DFIs. The QC also covers quarterly time series data of MFBs from fourth Quarter of 2008(Q4CY08) onwards.
Comments
Comments are closed for this article.