BOK posts profit of Rs1.789b
The year 2015 has witnessed improvements in all areas of banking operations.
PESHAWAR:
The Bank of Khyber (BOK) posted Rs1.789 billion profit after tax for the period ended December 31, 2015 showing an increase of 37% over the corresponding period of 2014 which was Rs1.309 billion. The board of directors approved payment of cash dividend of 12.5% from reserves available for appropriation in the 136th meeting of the Board of Directors. The year 2015 has witnessed improvements in all areas of banking operations. The bank posted a record operating profit of Rs3.538 billion as against Rs2.135 billion in the corresponding period last year. An impressive increase of 56% has been witnessed in profit before tax which stood at Rs2.958 billion as compared to Rs1.900 billion of the corresponding period. The total asset base of the bank grew up to Rs155 billion from Rs126 billion registering a healthy growth of 23%.
Published in The Express Tribune, March 11th, 2016.
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