BoK earns Rs1.81bn profit before tax

RECORDER REPORT

PESHAWAR: The Bank of Khyber (BoK) earned Rs1.181 billion profit before tax for the period ended 30th September, 2012. This was stated by the bank Managing Director, Bilal Mustafa, while reviewing Operational Performance here at a senior management committee meeting held at BoK head Office on Monday.

The meeting was attended by All Group and Divisional Heads. Bilal Mustafa lauded the growth in all operational areas of the BoK during third quarter of the current financial year, and expressed his confidence over the field staff and head office supporting team, adding that we have to work with more devotion and dedication to achieve the various operational targets for the year.

He said that due to increase in branches network, we could attract more client, which would alternatively help us to grow our deposit and advance base and our bank will play its due role in socio-economic development of the country.

Bilal Mustafa mentioned that in-spite of unfavorable economic conditions across the country especially in our province, BoK total deposits as on 30th September are Rs58 billion showing 46 per cent growth as compared to September 2011 and BoK total assets of BoK Rs77 billion.

All these results reflect the confidence of the general public and institutions over the services of BoK. Bilal Mustafa also mentioned that BoK is enjoying a unique advantage of Islamic and Conventional banking services to its clients which also help us in achieving our goals.