PESHAWAR: The Bank of Khyber (BoK) handled over Rs7 billion as home remittances till June 30, 2011 during last six months, showing the confidence of the overseas Pakistanis in the bank.
This was stated by Bilal Mustafa Managing Director BoK, while inaugurating BoK Half-Yearly Manager Conference-2011 this morning, said a press release issued here on Monday.
The Half-yearly managers' conference was held to review the operational activities and achievements of the bank during first six months of 2011 and to finalize the targets and operational strategy for the remaining six months of the year.
Bilal Mustafa mentioned that in order to achieve desired goals, the BoK would further increase its branch network in 2011 by adding 12 new branches.
The growth in other operational areas would be further improved to achieve the annual business targets. In this connection; a branch expansion plan is already underway, during which 5 new Islamic & 7 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 specially mentioned about Bacha Khan Khpal Rozgar Scheme and forthcoming "Huner Mand Scheme" and their positive impact on socio-economic condition of Khyber Pukhtunkhwa which will lead the Province to prosperity.
He also emphasized that branches as well as head office staff should work more actively to serve the customers by providing efficient services.
Bilal Mustafa while reviewing the operational results as on 30th June 2011 stated that the BoK?s operational results shows a tremendous growth in all key areas despite depressed economic situation.
Stressing on facilitation of home remittances business and mentioned that during first six months of 2011, BoK procured over Rs7 billion as home remittances which was 87 percent higher than the corresponding period.
He informed that in addition to branches, a number of dedicated payment centres are being established to facilitate home remittances beneficiaries.
He said that we were already having a plan to engage more exchange companies to cater the target cliental in various parts of the Province and Overseas.
Copyright APP (Associated Press of Pakistan), 2011
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