Page 83 - Agib Bank Ltd Annual Report and IFRS Financial statements 2020
P. 83
37. Compliance to Banking Regulatory Requirement
The bank largely complied with all regulatory requirement but was charged a total penalty of D1.004
million in 2020. D0.100 million for not meeting the deadline for the Straight through process (STP)
for RTGS and ACP/ACH, D0.042million for NOP violation and D0.863 million for violation of
provision requirement.
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Annual Report and IFRS Financial Statements for the year ended 31 December 2020 82
