PESHAWAR - The Bank of Khyber earned Rs 605 million profit after tax (PAT) in first quarter ended 31st March 2016, showing 96% growth over corresponding period of 2015.
This was informed in the138th meeting of the Board of Directors (BOD) of BOK held in Islamabad. The meeting was chaired by Muhammad Azam Khan, additional chief secretary, government of Khyber Pakhtunkhwa & Chairman BOK Board of Directors. The meeting was attended by Shams-ul-Qayyum, Managing Director & CEO BOK, Ali Raza Bhutta, Secretary Finance, government of Khyber Pakhtunkhwa and member Board of Directors BoK.
The Board showed their satisfaction over the performance and record growth in all operational areas of the bank during the period under review and approved the accounts for the period ended 31st March 2016. The Board was also informed that during the said period Bank’s operating profit was recorded at Rs. 926 million, showing growth of 22% over the corresponding period of 2015.
The BOK deposits for the period under review were recorded at Rs 133 billion, showing growth of 49% over Rs89 billion of corresponded period of last year. Net advances and lending to financial institutions were recorded at Rs 51 billion, showing cumulative growth of 46% as against Rs35 billion of March 2015. The BoK assets were recorded at Rs 172 billion, showing 42% growth over corresponding period of 2015.