NPFMCRFBK Notifies of Delay in filing its 2018 Audited Financial Statement


Monday, March 04, 2019 05:41PM / NSE


NPF Microfinance Bank Plc, wishes to notify The Nigerian Stock Exchange and our esteemed shareholders/investing public that the Bank will be unable to file her Audited Financial Statements for Year-end 31st December, 2018 before the regulatory deadline of 31st March, 2019.

The delay is as a result of the challenges that have arisen with the newly acquired core Banking Software (T24) test run under the National Association of Microfinance - Banks Unified Integration Platform (NAMBUIT) project of the Central Bank of Nigeria (CBN), our Bank having been nominated by the CBN for the pilot program on the software by reason of our leading position in the Microfinance space.

Although, most of the challenges have been resolved and the Audit commenced timely after the Year-end however the audit completion would not meet the deadline due to the difficulties in spooling the necessary reports in the format required by the audit team.

The Bank in conjunction with the software provider (Inlaks) is making serious efforts to resolve this issue in order to ensure that all that the auditors require to conclude the Audit is provided and we are glad to report that there is tremendous progress in this regard.

We wish to assure the entire public, our stakeholders, investors and regulators that the audited financial statement will be released on or before 30th April, 2019. We apologise for any inconveniences this may occasion and we have duly notified the CBN of the progress so far. An extension of time has been sought from The Exchange to allow for the late filing for the reasons advanced.

Related News

1.    NPFMCRFBK Declares N487.983m PAT in Q3 2018 Results,(SP:N1.45k)

2.   NPFMCRFBK Declares N208.50m PAT in Q1 2018 Results,(SP:N1.78k)

3.    NPFMCRFBK Declares N631.9m PAT in 2017 Audited Result,(SP:N2.12k)

4.      NPF Microfinance Bank Plc Announces Board Meeting Resolutions

5.       NPFMCRFBK Declares N508.42 million PAT in Q2'17 Result,(SP:N1.32k)

6.      NPFMCRFBK Declares N193.56 million PAT in Q1 2017 Result,(SP:N1.44k)

7.    NPFMCRFBK Declares N554.903 million PAT in 2016 Audited Result,(SP:N1.21k)

8.   NPFMCRFBK Declares N786.04.47 million PAT in Q3 2016 Result,(SP:N1.04k)
Related News