google.com, pub-2762820915666464, DIRECT, f08c47fec0942fa0
technologyplus.pk
Technolog & Business News from Pakistan

- Advertisement -

Bank of Khyber Reports Impressive Profit of Rs 4,682 Million for 9M 2023

- Advertisement -

Bank of Khyber (BoK) announced a significant achievement as it posts a remarkable profit before tax of Rs 4,682 million for 9M 2023. This financial performance was declared during the 182nd meeting of the Board of Directors, held on October 27, 2023, in Karachi.

Mobilink Bank Partners with HRSG to Offer Premium Financial Services to Employees

The meeting was presided over by Syed Imtiaz Hussain Shah, Additional Chief Secretary of the Government of Khyber Pakhtunkhwa and Chairman of the Board of Directors.

- Advertisement -

Strategic Repositioning of Balance Sheet: A Key Factor in BoK’s Successful Navigation of 2023 Challenges

BoK’s planning and strategic repositioning of its balance sheet have played a pivotal role in steering the institution successfully through the challenges of the year 2023.

ALSO READ  Pakistan’s rice exports set to reach record high in FY23-24 on good crop output

Demonstrating an impressive growth trajectory, the Bank reported a substantial increase of 1,165 percent in profit before tax, reaching Rs 4,682 million for 9M 2023, compared to Rs 370 million for the same period in 2022.

- Advertisement -

Moreover, the net profit after tax for 9M 2023 surged by 783 percent, amounting to Rs 2,473 million, compared to Rs 280 million reported for 9M 2022.

Bank of Punjab (BOP) Ventures into Exchange Company Business with Rs2.50 Billion Authorized Capital

BoK remains committed to delivering exceptional financial services to its customers while continuously investing in upgrading the systems and capabilities to meet the expectations of the customers. The rapid growth in traffic on the Bank’s digital channels is an affirmation that customers are increasingly engaging with the Bank on its new initiatives.

ALSO READ  SECP issues Shariah Compliance Certificate to a startup Qist Bazaar

MCB Bank Reports Remarkable 71% Increase in Q3 Profit Before Tax and Declares Dividend of Rs. 8.0 Per Share

BoK’s Exceptional Financial Performance Sets Stage for Continued Growth and Economic Impact in Khyber Pakhtunkhwa and Beyond

With this remarkable financial performance, the Bank is poised to continue its growth trajectory and contribute positively to the economic landscape of Khyber Pakhtunkhwa and beyond.

ALSO READ  Inauguration of the Inaugural Market-Based SME Credit Guarantee Facility

- Advertisement -

- Advertisement -

- Advertisement -

Leave A Reply