BOK earns Rs 1.2bn PAT in third quarter of current calendar year

PESHAWAR, Oct 26 (APP): The Bank of Khyber (BOK) earned Rs 1.2 billion
Profit After Tax (PAT) in 3rd quarter of the year ended on 30th September 2015 as compared to Rs 826 million in corresponding period of 2014.
The Board of Directors (BOD) was informed this morning at 133rd BOK BOD
meeting held in Islamabad. The 133rd BOK Board of Directors meeting was chaired by Dr. Hammad Uwais Agha, Additional Chief Secretary, and Government of Khyber Pakhtunkhwa & Chairman BOK Board of Directors.
The meeting was attended by Mr. Shams-ul-Qayyum, Managing Director BOK,
Mr. Ahmad Hanif Orakzai, Secretary Finance Government of Khyber Pakhtunkhwa & Member BOD, Mr. Rashid Ali Khan.
The board showed their 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 and 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 operationa 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.