Managing Director, Bank of Khyber (BoK), Bilal Mustafa has said that reaching of assets of the bank to rupees 51 billion by December 2010 exhibits confidence of customers. He expressed these views while inaugurating the annual managers' conference 2011, here on Monday morning.
The conference was held to review operational activities and achievements of the bank during 2010 and finalise targets and operational strategy for year 2011. In his addressing, Mustafa mentioned that in order to achieve the desired goals, BoK would further increase its branch network in 2011, adding that a branch expansion plan has already underway. This initiative of the management will further strengthen the bank, as with increased network branches it would play its pivotal role in socio-economic development of the province.
About the operational results of 2010, he said it shows a tremendous growth. In order to achieve desired targets, branches should work more aggressively and in a well-planned manner, he said adding that co-operation and guidance of the head office in this regard will be available to them.
BoK MD emphasised home remittances business and mentioned that during 2010, BoK procured over Rs 10 billion of home remittances. He told branch managers that they could easily improve this figure by working move efficiently. He informed that the bank has already evolved a plan to engage more exchange companies to achieve the target of clients in various parts of the province.
He also said that establishment of Islamic banking counters in all conventional banking branches entertain those clients that are interested in making investment in this banking mode. Speaking on the occasion, Executive Director BoK, Mir Javed Hashmat stressed upon the managers to work more efficiently and dedicatedly to achieve excellence in their operational targets. The conference was also attended by Arbab Riaz Ahmed, Group Head Islamic Banking, Imran Samad, Group Head Credit Management and heads of various divisions.-PR
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