Karachi, June 02, 2021: The State Bank of Pakistan (SBP) on Wednesday announced favorable changes in the ‘Basel Capital Adequacy’ framework for the Real Estate Investment Trusts (REITs).
These changes will allow banks to book greater exposure in REITs, facilitate the development of Housing Finance as well as Capital Market in the country.
REIT Management companies in Pakistan had submitted their recommendation to the State Bank earlier this year. Now, banks’ investment in REITs will require them to set aside less capital against risk emanating from this investment activity, which is being described as a positive development by the senior bankers.
Moreover, their investment in REITs shall now be categorized in the “Banking Book” instead of “Trading Book”.
REITs are a quintessential instrument for the government to achieve documentation, transparency and promote real estate development in the country. Effective participation by banking companies will support this structure and provide confidence to the market.
The REIT Management Companies are thankful to the SBP and consider this as an important milestone towards the development of REIT industry in Pakistan.
It’s going to be end of mine day, however before ending I am reading this fantastic
paragraph to increase my know-how.
Does your website have a contact page? I’m having trouble
locating it but, I’d like to shoot you an email. I’ve got some creative ideas for your blog you
might be interested in hearing. Either way,
great blog and I look forward to seeing it improve over time.
I love what you guys tend to be up too. This type of clever work and reporting!
Keep up the superb works guys I’ve added you guys to my personal blogroll.
Very descriptive post, I liked that bit. Will there be a part 2?
hey there and thank you for your info – I have certainly picked up anything
new from right here. I did however expertise some technical points using this web site, as I
experienced to reload the website lots of times previous to I could get it to load correctly.
I had been wondering if your web host is OK? Not that I’m complaining, but sluggish loading instances times will very frequently
affect your placement in google and could damage your high-quality score if ads and marketing with Adwords.
Well I’m adding this RSS to my email and can look out for much more of your respective exciting content.
Ensure that you update this again very soon.
great put up, very informative. I wonder why the opposite experts of this sector do not notice
this. You should continue your writing. I’m confident, you’ve
a great readers’ base already!
Definitely believe that which you said. Your favorite justification appeared to be on the internet the simplest thing to be aware of.
I say to you, I certainly get irked while people think about worries that they plainly do not know about.
You managed to hit the nail upon the top and also defined out the whole thing without having side effect , people can take a signal.
Will likely be back to get more. Thanks
Hi, everything is going sound here and ofcourse every one is sharing
facts, that’s really excellent, keep up writing.
Hi there to every body, it’s my first pay a quick visit of
this webpage; this webpage contains remarkable and truly good material in favor of visitors.
You can definitely see your enthusiasm within the article you
write. The sector hopes for even more passionate writers such as
you who aren’t afraid to mention how they believe. Always follow your heart.