BoK approves 10pc dividend for shareholders

PESHAWAR: The 24th Annual General Meeting (AGM) of the Bank of Khyber (BoK) has approved 10 percent dividend to shareholders for the period that ended on 31st December 2014.
The meeting was chaired by Dr Hammad Uwais Agha, Additional Chief Secretary (ACS) Planning and Development (P&D). He is also chairman of the Board of Directors (BoD) of the bank. The meeting was also attended by Shamsul Qayyum, Managing Director (MD) of BoK, Dr Ihsanul Haq, member of BoD and a number of shareholders, senior executives and officers of the bank.
The payment of Final Cash Dividend of Rs1 per shares that’s 10 per cent was also approved in the meeting. Dr Hammad Uwais Agha urged them to leave no stone unturned in bringing good name to the institution.
Shamsul Qayyum said the bank’s operational performance demonstrated record improvement in all areas for the year that ended December 31, 2014. He added the year had been exceptional for the bank as it had created history by posting an operating profit of Rs2.1 billion as against 1.7 billion in the corresponding period last year.
“The Bank of Khyber is operating with 116 branches, 2 sub-branches and 2 booths across the country out of which 54 branches are functioning as dedicated Islamic Banking Branches,” he informed the shareholders. He added the bank had received approval from the State Bank of Pakistan (SBP) to open 14 new branches.