BoK earns Rs 1.2 billion PAT for 3rd Quarter 2015
ISLAMABAD, OCT 26 (DNA) – The Bank of Khyber (BOK)’earned Rs 1.2 billion profit after tax (PAT) its 3rd quarter ended on 30th September 2015, which was Rs 826 Million in corresponding period of 2014.The Board of Directors (BOD) was informed this morning at 133rd BOK BOD meeting in Islamabad.The 133rd BoK Board of Directors meeting was chaired by Dr. Hammad Uwais Agha, Additional Chief Secretary, Government of Khyber Pakhtunkhwa & Chairman BOK Board of Directors.
The meeting was attended by Shams-ul-Qayyum, Managing Director BOK, Ahmad Hanif Orakzai, Secretary Finance Government of Khyber Pakhtunkhwa & Member BOD, Rashid Ali Khan.
The Board showed satisfaction over the performance and growth in all operational areas of the BOK during the period under review and approved the Accounts for the period ended on 30th September 2015.
The Board was also informed that during the period Bank’s operating profit was recorded Rs 2.3 Billion against Rs 1.4 Billion of corresponding period of 2014.
The BOK assets recorded Rs 148.4 billion which were Rs 110.9 billion as on September 2014. While BOK investment (net) recorded Rs 89.6 Billion during this period against Rs 64.7 Billion of corresponded period of September 2014.
Dr. Hammad Uwais Agha Chairman BOK Board appreciated the Management for its continued positive performance in almost all areas of its operations and advised them to work with more dedication and devotion to further improve these operational achievements.
He advised that we should open Branches as permitted by SBP during 2015, as increased network of branches will further improve our operational growth across the country.
The Chairman appreciated the efforts of branches in achieving the operational targets and advised the Management to guide & Support field staff to work more dedicatedly to continue these achievements.
He said increased profitability is due to team work at all levels and we can get more good results with collective efforts in all operational areas on regular basis.
He said that Rs1.2 Billion profits after tax by the end of September 2015 shows the confidence of general public on BOK policies and its vital role being played for socio-economic uplifts across the country.=DNA
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