Expression of Interest for Transfer of Management of Bank of Khyber, Pakistan

The Bank of Khyber (BOK)’s recorded profit before tax of Rs 1.1 Billaon for 3rd quarter ended 30th September 201 shows an increase of 188% over the corresponding period of 30.9.2010 This was disclosed by OK Managing Director Bilal Mustafa during BOK 109th Board of Directors (BoD) meeting this afternoon at BOK Islamabad.

The 109th BOK BoD was chaired by Khyber Pakhtunkhwa government Additional Chief Secretary Attaullah Khan and BOK BoD Chairman, apart from Khyber Pakhtunkhwa Secretary Finance Sahibzada Saeed Ahmad and BOK BOD member Mir Javed Hashmat Executive Director BOK, Maqsood Khan, Muhammad Asif, Maqsood Ismail and Amjad Pervez.

The Board also approved the BOK Accounts for the period of 3rd quarter ended on 30th September 2011. He explained the Branch Expansion Plan and informed that by the year end 2011, the bank will close its network at 62 branches across the country, whereas the bank plan to open 13 branches more to obtain the figures of 75 branches by 2013 with the approval of State Bank of Pakistan.

Source: Pakistan Today

Note: For summary financial performance of BOK visit Securities.com

Source: BOK EOI Ad

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