AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

The Board of Directors of the Bank of Khyber (BOK) held its 152nd meeting on October 18, 2018 at Islamabad to approve the quarterly results for the 3rd Quarter ended September 30, 2018. The meeting was chaired by Dr Shahzad Khan Bangash, Additional Chief Secretary, Government of Khyber Pakhtunkhwa and chairman BOK Board of Directors.
The meeting was attended by Muhammad Shahbaz Jameel, Acting Managing Director BOK, Shakeel Qadir Khan, Finance Secretary, Government of Khyber Pakhtunkhwa, Maqsood Ismail, Javed Akhtar, Asad Muhammad Iqbal and Shaharyar Ahmad, said a press release issued here on Tuesday.
The bank declared after tax profit of Rs.927 million for the 3rd Quarter ended September 30, 2018. The Bank's earning from core business actively increased during the period mainly duly to increase in advances coupled with increase in policy rate. Thus, net interest income for the period showed increase over third quarter 2017 and was Rs.3,900 million.
Advances of the bank grew significantly reaching Rs.93,084 million. Deposits improved to Rs.172,587 million while investment decreased to Rs.87,863 due to return of borrowing from other Banks and offloading of some government securities. The Banks total assets settled at Rs.204,706.
The board showed its satisfaction over the performance and growth in all operational areas of the bank and approved the quarterly accounts for the period ended September 30, 2018.
The chairman emphasized the need to work with more dedication and devotion as current changes in policy and exchange rates requires more work on part of the bank to meet these challenges. He further said that these results show the confidence of general public in the Bank which is playing a vital role for socio-economic uplift of the province.-PR

Copyright Business Recorder, 2018

Comments

Comments are closed.