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KARACHI, Nov 6: The Saudi Pak Bank has said that the bank’s accounts are prepared as per the international accounting standards and are subject to rigorous scrutiny by the State Bank of Pakistan. Therefore, the question of over-valuation of assets and understatement of NPLs could not arise.
Commenting on a news item published in Dawn issue of November 4, a spokesman of the bank said that the bank had fully capitalised the growth opportunities in the economy over past three years. Its network and balance sheet size has nearly doubled.
