BANK OF CREDIT AND COMMERCE HONG KONG LIMITED
Directors' Report
T directos have pleasure in presenting their report together with the audited accounts of the bank and of the group for the year ended 31 December 1990.
Principal Activities
The bank and its subsidiarles an! engaged in providing banking financial services.
and related
Financial Results
The results of the group for the year ended 31 December 1990 are set out in the consolidated profit and loss account. on page 4 of the accounts,
The directors do not recommend the payment of a dividend.
Donations
Donations during the year, for charitable purposes amounted to HK$521,728.
Directors
The directors of the bank during the year were as follows:
Charles Sin Cho Chiu
Harry Fang Sin Yang
Philip Wong Kin Hang
Ho Sai Chu
Tariq Jamil,
Arif Kamal
Imtiaz Ahmed
Hr. Abdul Basir resigned as a director of the bank as from 20 November 1990.
Mr. Imtiaz Ahmed and Mr. Arif Kamal were 20 November 1990.
appointed as directors of the Bank on
In accordance with Articles 96 and 97 of the Bank's Articles of Association, Mr. Charles Sin Cho Chiu and Mr. Ho Sai Chu retire by rotation and, being eligible, offer themselves for re-election.
Directors' Interests
No director of the bank had a beneficial interest, either direct or indirect, in any significant contract to which the bank, its subsidiaries or its holding company were a party at the balance sheet date or at any time during the year.
At no time during the year wen: the bank, its subsidiaries or its holding company a party to any arrangement to enable a director of the bank to acquire benefit by means of the acquisition of shares in, or debentures of, the bank or any other
body corporate.
Management Contracts
No contracts concerning the management and administration of the whole substantial part of the business of the bank were entered into or existed during the year.
or
any
Auditors
The accounts have been aud..ted by Price Waterhouse who eligible, offer themselves for re-appointment.
retire and, being
By order of the board:
རང་ལོ་
Augustus Leg Wai Hang
Secretary
Hong Kong
20 June. Biagi
1
A
TE S660 S8 298
CSNOK 1009) 301330 SWWOO
25:81
60-80-166T