Financial Statements for The Belize Bank Ltd.

17 Sep 2011

The Central Bank of Belize (the Central Bank) wishes to notify the general public that The Belize Bank Limited's financial statements for the year ended 31 March 2011 which were published in newspapers on 17 June 2011 were found not to be in accordance with Section 28(1) of the Banks and Financial Institutions Act (BFIA) and are not recognized and accepted by the Central Bank as a true and fair representation of the Belize Bank Limited's financial position. The public should be aware that The Belize Bank Limited failed to make specified adjustments to the items Other Assets and Additional paid-in capital, resulting in overstatement of both of these accounts by the sum of $7,403,781

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