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Essay text:
The customer has requested fresh facilities and enhancement in RF & CF line in their request for annual renewal of facilities. The same enhancement/fresh facilities were also requested in the last renewal which was declined by Head Office due to decline in key ratios and profitability of the company amid high cost of doing business and high exposure of the bank on the sector.
Considering the damp outlook of local economy, global recession, mounting NPL’s in the sector, capital adequacy requirements & deteriorating financials of the company, we are not proposing any fresh facilities or enhancement at this moment...
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