Bilal Mustafa Managing Director BoK handles over Rs 7 Billion

The Bank of Khyber (BoK) handles over Rs 7 Billion as Home Remittances till 30th June 2011 in six months, showing the confidence of the overseas Pakistanis on BOK.

This was stated by Mr. Bilal Mustafa Managing Director BoK, while inaugurating BoK Half-Yearly Manager’s Conference-2011 this morning.

The Half-yearly managers’ conference was held to review the operational activities and achievements of the bank during first six months of 2011 and to finalize the targets and operational strategy for the remaining six months of the year.

Bilal Mustafa mentioned that in order to achieve desired goals, the BoK would further increase its branch network in 2011 by adding 12 new branches. The growth in other operational areas should be further improved in order to achieve the Annual Business Targets. In this connection; a branch expansion plan is already underway, during which 5 new Islamic & 7 new conventional branches will emerge by year end.

This initiative of the management will further strengthen the bank and with the increased network of branches, the BoK would play its pivotal role in socio economic development of the country. He specially mentioned about Bacha Khan Khpal Rozgar Scheme and forthcoming “Huner Mand Scheme “ and their positive impact on socio-economic condition of Khyber Pukhtunkhwa which will lead the Province to prosperity.

He also emphasized that Branches as well as Head Office staff should work more actively to serve the customers by providing efficient services. Mr. Bilal Mustafa while reviewing the operational results as on 30th June 2011 mentioned that the BoK’s operational results shows a tremendous growth in all key areas despite depressed economic situation. He specially emphasized on Home Remittances business and mentioned that during first six months of 2011, BoK procured over Rs. 7 (Seven) billion as home remittances which was 87% higher than the corresponding period. He informed that in addition to branches, a number of dedicated payment centres are being established to facilitate home remittances beneficiaries. He said that we were already having a plan to engage more exchange companies to cater the target cliental in various parts of the Province and Overseas. The mid-year managers’ conference 2011 was also attended by Mir Javed Hashmat Executive Director BoK, Mr. Imran Samad Group Head Credit Management and Mr. M. Hamid Ayub Group Head HRD, a part from heads of various divisions of Head Office. While speaking on the occasion Mir Javed Hashmat Executive Director BoK stressed upon the managers to work more efficiently and dedicatedly to achieve excellence in operational target.


source by onlinenews