Bank of Azad Jammu and Kashmir’s Deposits Surge to Rs 35.23 Billion

Muzaffarabad, Bank of Azad Jammu and Kashmir has reported a significant increase in its deposits, which have risen to over Rs 35.23 billion, marking a record increase of Rs 11 billion in the first few months of the current year. This represents a growth of more than 45 percent from the previous amount of Rs 24.14 billion as of March 31, 2023.

According to Bank of Azad Jammu and Kashmir, the surge in deposits and overall business performance was highlighted during a review meeting led by Shahid Shahzad Mir, the bank’s President and Chief Executive Officer. The meeting focused on various strategies to enhance business operations, which have resulted in exceeding targeted goals in deposits, profits, domestic remittances, and assets.

The meeting also referenced the effective business strategies implemented under the guidance of Prime Minister Chaudhry Anwar Haq and Finance Minister Khan Abdul Majid Khan, with the support of the bank’s Board of Directors. The collective efforts and dedication of the bank’s staff, along with the trust and cooperation of its customers, were acknowledged as pivotal factors in this financial achievement.

Expressing his gratitude, President Mir thanked all stakeholders, including the government and customers, for their continued support and trust. He emphasized the bank’s commitment to further accelerate its growth and continue its progression towards becoming the most profitable institution in the region.

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