Exportbank not ready with ’08 financial report

Riva Khristine V. Maala, Exportbank assistant corporate secretary, said “We still need the clearance of our external auditor before we can submit our financial report.”

Punongbayan & Araullo serves as the bank’s external auditor.

Subsection X162.2b of the Manual of Regulations for Banks of the Bangko Sentral ng Pilipinas states that universal and commercial banks will be fined P1,200 for every business day of delay of submission of their financial statements.

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