The assets of the Bank of Khyber (BoK) reached Rs 68 billion till December 31, 2011. This was stated by Managing Director, BoK, Bilal Mustafa while inaugurating the Annual Manager's Conference-2012 on Saturday in Lahore. The Annual Manager's Conference-2012 was held to review the operational activities and achievements of the bank during 2011 and to finalise the targets and operational strategy for the year 2012.
Bilal Mustafa mentioned that in order to achieve desired goals, the BoK would further increase its branch network in 2012 by adding 16 new branches. The growth in other operational areas will be improved further in order to achieve the annual business targets. In this connection, a branch expansion plan is already approved by the SBP, during which 10 new Islamic and 6 new conventional branches will emerge by year-end.
This initiative of the management will further strengthen the bank and with the increased network of branches, the BoK would play its pivotal role in socio economic development of the country. He also emphasised that branches as well as head office staff should work more actively to serve the customers by providing efficient services.
Reviewing the operational results, Bilal Mustafa mentioned that the BoK's operational results showed a tremendous growth in all key areas despite depressed economic situation. He specially emphasised on home remittances business and mentioned that during 2011, BoK procured over Rs 13 billion as home remittances which was 28 percent higher than the corresponding period.
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