BoK earns Rs1.789b profit

Peshawar—The Bank of Khyber (BOK) posted Rs 1.789 billion profit after tax (PAT) for the period ended December 31, 2015 showing increase of 37% over the corresponding period of 2014 which was Rs 1.309 billion. The Board of Directors approved payment of cash dividend of 12.5% from reserves available for appropriation in the 136th meeting of the Board of Directors, presided over by Muhammad Azam Khan, Additional Chief Secretary, Government of Khyber Pakhtunkhwa & Chairman BOK Board of Directors. Shams-ul-Qayyum, Managing Director, BOK, and the Secretary Finance, KPK were also present in the meeting.
The private sector was represented by Maqsood Ismail Ahmad and Javed Akhtar. The year 2015 has witnessed improvements in all areas of banking operations. The Bank posted a record operating profit of Rs.3.538 billion as against Rs.2.135 billion in the corresponding period last year. An impressive increase of 56% has been witnessed in profit before tax which stood at Rs 2.958 billion as compared to Rs.1.900 billion of the corresponding period.—PR

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