Financial results of Bank of Khyber for Quarter ended June 30, 2021

Karachi, Bank of Khyber informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Peshawar on August 26, 2021.

The agenda of the meeting was discussion of profit and loss account for quarter ended June 30, 2021 which portrayed a profit of Rs. 168,688 with earnings per share 0.16 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

The Bank of Khyber was established 1991 through an Act passed by the Provincial Legislative Assembly. The principal business of the Bank is commercial banking and related services. The Bank acquired the status of a scheduled bank in 1994.

The bank has been associated with business and commercial circles and has been engaged in catering to the financial needs of all sectors. They are also involved in extending funded and non-funded facilities to its customers for various business needs. They have 179 branches across the country.

The total shares of the Bank are quoted on Pakistan Stock Exchange i.e: 1,050,389,726. The Earnings per shares in 2020 is 2.15 which was 1.31 in 2019. The Profit after Taxation of the company is 2,151,783,000 in 2020 which was 1,306,039,000 in 2019.