24 March BMB announced that no date had been set by its Board of Directors to review and approve the bank’s financial statements for the period ending 30 June 2020, 30 September 2020, or 31 December 2020.
As well it announced no date had been set for Board review and approval of its 31 March 2021 financials. These cannot be approved until 2020 financials are “set”.
Clearly, there is no “good” news to report. Which suggests that the news is bad.
Not a big surprise the bank is in dire straits.
But the continued delay on the financials probably indicates that things are heading further "south".
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