Bank of Khyber
The Bank of Khyber is a provincial government bank owned by Government of Khyber Pakhtunkhwa and based in Peshawar, Pakistan, with 191 branches all over the country. It was set up as a state-owned, regional bank in 1991 along with the Bank of Punjab and the First Women Bank. It offers Conventional banking, Islamic banking services and microfinance loans. The bank had an initial public offering of its shares at Karachi Stock Exchange in January 2006. Summary. The total progress of The Bank of Khyber in 2014 is (Rs. in million) Deposit 92,264; Advances (Net) 40,057 ; Investments 72,431; Total Assets 126,106; Capital and Reserves 13,211; Profit/(Loss) Before tax 1,901; Profit/(Loss) After Tax 1,309. Return on equity 10% in 2014. Profitability. The bank's operational performance demonstrated record improvement in all areas for the year 2014. This year has been exceptional for the bank as it has created history by posted an operating profit of Rs.2,135 million as against Rs.1,751 million in the corresponding period last year. Profit before tax was recorded at Rs.1,900 million as against Rs.1,669 million in the corresponding period giving increase of 14%. Profit after tax for the same year grew by 13 % to reach at Rs. 1,309 million over Rs.1,154 million in the corresponding year that translates into earnings per share of Rs.1.31 against Rs.1.15 in 2013. The board has recommended the cash dividend of Rs. 1.00 per share i.e. 10% for the year 2014 to the shareholders of the bank. Growth indicators. The achievements for the year 2014 were widened assets base, improved equity and profitability, stronger capital base and sustained returns. The total asset base of the bank grew up to Rs.126,106 million from Rs.108,170 million registering healthy growth of 17% whereas the shareholders’ equity showed an increase of 11 % over 2013 and stood at Rs.13,211 million. On the liability side of the bank's financial position, the deposit base of the bank witnessed consistent growth throughout the financial year 2014 and was reported at Rs.92,264 million showing healthy increase of 19% over the year 2013. The gross advances of the bank also showed increase of 13% and stood at Rs.43,243 million from Rs.38,339 million of the year 2013. A commendable increase of 36% has been witnessed in the size of investments which showed an amount of Rs.72,431 million as compared to Rs.53,363 million of the last year. An increase  of 15% was recorded in net markup based income which stood at Rs.3,541 million in 2014 as compared to Rs.3,071 million for the year 2013. Total Non mark-up / interest income registered increase of 54% and stood at Rs.1,066 million as compared to Rs.692 million of the corresponding period last year. These encouraging results were achieved without making compromise on growth of the balance sheet size, management of cost of deposits, improvement in operational efficiency and without ignoring the asset quality. The Return on Assets (ROA) and Return on Equity (ROE) stood at 1.04% and 10% respectively. Credit rating. JCR -VIS Credit Rating Company Ltd. has maintained the medium to long term and short term entity ratings of the bank at "A" (Single A) and "A-1" (A One). Outlook on the assigned rating is stable. The Pakistan Credit Rating Agency (PACRA) has also maintained the long term and short term ratings of the bank at "A" (Single A) and "A-1" (A One). Rating outlook is stable. Branch network. Currently the bank has 191 branches as of August 2021. The bank is operating with Conventional as well as dedicated Islamic Banking Branches. Further, sub branches and booths are also providing basic  banking facilities to the customers. Through this network, the bank is able to offer wide range of products and services to its valuable customers. BOK Digital. The bank launched its mobile application called BOK Digital on January 15, 2021.