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