The Bank of Khyber (BoK) is going to subscribe its Rs 41 million shares through Karachi Stock Exchange (KSE) in November this year, BoK Managing Director Qazi Munir-ul-Haq told Business Recorder on Thursday.
He said that for this purpose the bank had already signed memorandum of understanding (MoU) and hired services of the companies AMZ Securities (Pvt) Limited and Pakistan Oman for flouting the shares through the KSE.
He said that the advances and profits of the bank are improving with each passing day and was very much confident that very soon BoK would emerge as a largest commercial bank in the province.
An opportunity of Riba-free banking offered by the bank was attracting investors and depositors in the province, he said.
Qazi Munir-ul-Haq informed that the bank had also joined the online banking club.
Online transactions have been started and all branches in the country were linked with headquarters, Qazi Munir added.
About the announcement of dividend for the current calendar year, the BoK managing director said that they were going to offer good payouts to the shareholders of the bank.
With change in management of the bank, performance of the institution has been improved as it is now running efficiently with the corps of professional bankers.