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BOK earns Rs548m PAT for 1st quarter ended March 31st 2020

our correspondent
islamabad
The Bank of Khyber (BOK) posted Rs.548 million profit after tax (PAT) for the 1st quarter ended March 31st 2020. This was informed during 161st meeting of the Board of Directors of the Bank held on 20 May, 2020 in peshawar. The meeting was presided over by Mr. Shakeel Qadir Khan, Additional Chief Secretary, Government of Khyber Pakhtunkhwa & Chairman of the Bank’s Board. 
In the current circumstances of COVID-19 members attended meeting via video link, Mr. Atif Rehman, Finance Secretary, Government of Khyber Pakhtunkhwa, Mr. Maqsood Ismail Ahmad, Mr. Javed Akhtar, Mr. Asad Muhammad Iqbal and Mr. Rashid Ali Khan attended the meeting. The acting Managing Director, Mr. Ihsan Ullah Ihsan was also present. 
In the backdrop of COVID-19 situation, the Bank of Khyber has managed to show good results and posted Rs.548 million profit after tax for the first quarter of the year 2020 as compare to Rs.187 million for the same period of 2019.
The deposits settled at Rs. 158,666 million whereas with a slight increase from the year end 2019, advances stood at Rs. 116,756 million. Investments were at Rs. 150,742 million. The Bank’s total assets settled at Rs. 299,860 million. The Board was informed that the Bank was operating with 169 branches and 3 sub-branches wherein 84 branches were functioning as dedicated Islamic Banking Branches.
The Board expressed its satisfaction over 1st quarter results and advised the management to work more diligently to achieve the targets and play its proactive role in the socio- economic uplift of the province and the country as a whole.



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