PESHAWAR  - The Bank of Khyber (BOK) on Friday unanimously approved 10pc dividend to shareholders for the period ended 31st December 2014.

This decision was taken at 24th Annual General Meeting(AGM) of BOK held under the chairmanship of Dr. Hammad Uwais Agha, Additional Chief Secretary Government of Khyber Pakhtunkhwa & Chairman BOK Board of Directors.

The AGM was also attended by shams-ul-Qayyum Managing Director BOK, Dr. Ihsan-ul-Haq Member BOK BOD apart good number of BOK shareholders, senior executives and officers of the Bank.  The payment of Final Cash Dividend of Rs. 1/- per shares i.e.  10 per cent was also approved in the meeting. Dr Hammad Uwais Agha Chairman BOK BOD in his brief speech appreciated the efforts and dedication of the staff of the Bank of Khyber in progress and development of the Bank.

He also stressed upon them to leave no stone unturned in bringing good name for the institution.

The Managing Director of the Bank of Khyber Shams-ul-Qayyum while addressing the shareholders said that the BoK's operational performance demonstrated record improvement in all areas for the year ended December 31, 2014. The Managing Director stated that this year had been exceptional for the Bank as it had created history by posting an operating profit of Rs. 2.1 billion as against 1.7 billion in the corresponding period last year.

"The Bank of Khyber is operating with 116 branches, 2 sub-branches and 2 booths across the country out of which 54 branches are functioning as dedicated Islamic Banking Branches" he informed the shareholders. He also added that the Bank of Khyber has also received approval from the State Bank of Pakistan to open 14 new branches, out of which 12 will be Islamic branches by the end of the year 2015, the total  of  Islamic Branches will be 66 and total BOK branches will be 130.

Shamsu-ul-Qayyum MD & CEO also placed on record the appreciations & thanks to the Provincial Government of Khyber Pakhtunkhwa specially The Chief Minister, The Finance Minister, The Chief Secretary, Board of Directors for their valuable guidance & patronage which enabled BOK to achieve these results.