PESHAWAR – The Bank of Khyber (BoK) has shown remarkable results for the half year ended June 30, 2014, said a spokesman for the bank here Saturday.
The Bank managed to post a pre-tax profit of Rs. 969 million against Rs. 823 million of the corresponding period of 2013, showing an increase of 18%. Profit after tax (PAT) stood at Rs. 634 million, thus showing an increase of 15% over the corresponding period.
The deposits grow by 9% from Rs.77,218 million as of 31.12.2013 to Rs. 84,349 million as of June 30, 2014 .Investments have shown healthy rise of 13% from Rs. 53,363 million to Rs. 60,493 million as of June 30, 2014.
As on June 30, 2014, the Bank’s paid-up capital stood at Rs. 10.00 billion. The Minimum Capital Requirement (MCR) of the State Bank of Pakistan has been fully met by the year ended December 31, 2013 and the Bank is now fully compliant with the MCR requirements.
The Bank is operating with 101 branches, 2 sub-branches and 2 booths throughout the country out of which 44 branches are functioning as dedicated Islamic Banking Branches. The Bank is in the process to open 16 new branches by the year end 2014 for which the Central Bank has already gave its consent.