Bank Of Khyber posts historic Profit of Rs.3.8 Billion in 2020, registers extraordinary growth in challenging times.
The Board of Directors of the Bank of Khyber (BOK) held their 165th meeting at Peshawar to approve financial results for the year 2020. The meeting was chaired by Mr. Shakeel Qadir Khan, Additional Chief Secretary, Government of Khyber Pakhtunkhwa and chairman BOK Board of Directors.
The Bank closed year with historic profit before tax (PBT) of Rs. 3,806 million, whereas profit after tax (PAT) with rise of 64% and stood at Rs. 2,151million as compared to Rs. 1,306 million for the same period of 2019.
The Bank maintained strong payout to shareholders declaring dividends of Rs.1.5 billion for year 2020 (Rs.1.5 per share) along with bonus shares at 5%. Earnings per share was at Rs.2.1 as compared to Rs.1.3 in 2019. Deposits registered a growth of 11.47 % and increased to Rs. 203,071 million, advances reached Rs. 129,063 million whereas Investments closed at Rs. 113,478 million for 2020.