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 Saif Ul Islam, Managing Director BOK, Asad Muhammad Iqbal, Rashid Ali Khanand Shaharyar Ahmad, says a press release issued here.
The Bank posted a profit before tax of Rs 638 million and profit after tax of Rs 498 million for the Half year ended June 30, 2019. Earnings per share stood at Rs 0.50.
During the period, deposits registered a growth of 14 percent closing at Rs 195,268 million (December 31, 2018: Rs 171,168 million) whereas Advances reached at Rs 116,144 million showing an increase of 17 percent over the year end 2018. Investments with a slight decrease stood at Rs 91,049 million at the close of the half year 2019. The Bank's total assets settled at Rs 235,559 million.
The Board showed its satisfaction over the performance and growth in all operational areas of the Bank and approved the Half Yearly accounts for the period ended June 30, 2019.-PR