BoK earns Rs 710.035 mil­lion PAT for 1H 2015, up 12pc

The Pak Banker - - FRONT PAGE - Staff Re­porter

As per fi­nan­cial re­sults for the Half Year ended June 30, 2015, The Bank of Khy­ber (BoK)'earned Rs 710.035 mil­lion profit af­ter tax (PAT) its first six months of 2015, show­ing 12pc growth over the PAT of cor­re­spond­ing pe­riod of 2014 which was Rs 633.734 mil­lion.

The half year re­sults were dis­cussed in a meet­ing of the Bank's Board of Di­rec­tors, which was chaired by Dr Ham­mad Uwais Agha, Ad­di­tional Chief Sec­re­tary, Gov­ern­ment of Khy­ber Pakhtunkhwa and Chair­man BoK Board of Di­rec­tors.

The meet­ing was also at­tended by Shams-ul-Qayyum, Man­ag­ing Di­rec­tor & CEO BOK, Ah­mad Hanif Orakzai Sec­re­tary Fi­nance Gov­ern­ment of Khy­ber Pakhtunkhwa, Mem­bers of BOK Board Maq­sood Is­mail Ah­mad, Rashid Ali Khan and Asad Muham­mad Iqbal. The Board showed their sat­is­fac­tion over the per­for­mance and growth in all op­er­a­tional ar­eas of the BoK dur­ing the pe­riod un­der re­view and ap­proved the Half Yearly Ac­counts for the pe­riod 30th June 2015.

The Board was also in­formed that dur­ing the pe­riod Bank's op­er­at­ing profit was recorded at Rs. 1,609.275 mil­lion show­ing growth of 63pc over Rs987.646 mil­lion of cor­re­spond­ing pe­riod of 2014.

The BoK to­tal as­sets recorded at Rs142.457 bil­lion show­ing 32pc growth over cor­re­spond­ing pe­riod of 2014 which were Rs108.192 bil­lion as com­pared with June 30, 2014 whereas BoK in­vest­ment recorded at Rs 82.682 bil­lion reg­is­ter­ing growth of 55pc against Rs 53.363 bil­lion of cor­re­sponded pe­riod of 2014.

Dr. Ham­mad Uwais Agha Chair­man BoK Board ap­pre­ci­ated the man­age­ment for its con­tin­ued pos­i­tive per­for­mance in al­most all ar­eas of its oper­a­tions and ad­vised them to work with more ded­ica- tion and de­vo­tion to fur­ther im­prove these op­er­a­tional achieve­ments in the time to come.

He ad­vised that branches should be opened as per­mit­ted by SBP dur­ing 2015, as in­creased net work of branches will fur­ther im­prove our op­er­a­tional growth across the coun­try.

The Chair­man ap­pre­ci­ates the ef­forts of branches in achiev­ing the op­er­a­tional tar­gets and ad­vised the man­age­ment to guide & sup­port field staff to work more with ded­i­ca­tion to con­tinue these achieve­ments in rest of the year and ahead.

He said in­crease in prof­itabil­ity is due to team work at all lev­els and we can get more good re­sults with the col­lec­tive ef­forts in all op­er­a­tional ar­eas on reg­u­lar ba­sis.

He said that Rs. 710.035 mil­lion profit af­ter tax by the end of June 2015 show the con­fi­dence of gen­eral public on BoK poli­cies and its vi­tal role be­ing played for so­cio-eco­nomic up­lifts across the coun­try.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.