The Bank of Khyber’s financial results for the quarter ended September 30, 2012

Related Articles

Financial results of Faran Sugar Mills Limited for year ended September 30, 2016

December 29, 2016

Financial results of Sui Northern Gas Pipelines Limited for quarter ended September 30, 2016

December 28, 2016

Karachi, October 19, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Bank in their 116th meeting held on Thursday, October 18, 2012 at 02:00 p.m. at The Bank of Khyber (BOK), Islamabad Branch, 38- Zahoor Plaza, Blue Area, Islamabad, recommended the following:

(i) Cash Dividend                                      Nil

(ii) Bonus Shares                                      Nil

(iii) Right Shares                                     Nil

(iv) Any Other Entitlement/ Corporate Action           Nil

(v) Any Other Price-Sensitive Information              Nil

The financial results of the Bank are attached as Annexure-1.

The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on Nil.

The Share Transfer Books of the company will be closed from Nil to Nil (both days inclusive). Transfers received at the THK Associates (Pvt) Limited, State Life Building No. 3, Dr. Ziauddin Ahmed Road, Karachi at the close of the business on Nil will be treated in time for the purpose of the above entitlement to the transferees.

Annexure-I

Condensed Interim Profit and Loss Account (Unaudited) for the Nine Months Ended September 30, 2012

	Three months	Nine months	Three months	Nine months
	ended	ended	ended	ended
	September 30,	September 30,	September	September
	2012	2012	2011	2011
	Rupees in ‘000′
Mark-up/ return / Interest earned	1,903,522	5,320,999	2,004,710	5,046,600
Mark-up/return /interest expensed	1,131,414	3,392,388	1,358,247	3,291,866
	———	———	———	———
Net mark-up/ interest income	772,108	1,928,613	646,463	1,754,734
Provision against non-performing
loans and advances-net	67,836	121,311	61,383	7,770
Provision for diminution in the value of Investments-net	–	83,650	3,215	30,825
Bad debts written off directly	–	–	–	–
	———	———	———	———
	67,836	204,961	64,596	38,595
	———	———	———	———
Net mark-up/ interest income after provisions	704,272	1,723,652	551,865	1,716,139
Non Mark-Up / Interest Income
Fee, commission and brokerage income	51,600	172,433	43,729	150,613
Dividend income	12,809	224,210	62,332	145,608
Income from dealing in foreign currencies	31,817	104,583	13,737	36,425
Gain on sale of securities-net	41,194	53,293	24,123	44,091
Unrealised gain on revaluation of
investments classified as held-for-trading	76,056	72,773	23,649	6,024
Other income	14,590	45,431	13,308	46,796
	———	———	———	———
Total non mark-up/ interest income	227,066	672,723	180,878	429,557
	———	———	———	———
	931,338	2,396,375	762,743	2,145,696
Non Mark-Up/ Interest Expenses
Administrative expenses	398,866	1,172,696	360,031	1,004,027
Other provisions/ write offs	–	–	–	19,409
Other charges	27,384	42,394	8,246	22,354
	———	———	———	———
Total non mark-up/ interest expenses	426,240	1,215,090	368,277	1,045,790
	———	———	———	———
	505,098	1,181,285	394,466	1,099,906
Extra ordinary/ unusual item	–	–	–	–
	———	———	———	———
Profit before Taxation	505,098	1,181,285	394,466	1,099,906
Taxation
Current	(144,490)	(347,033)	(85,967)	(232,649)
Prior	–	–	–	–
Deferred	(29,140)	(39,854)	(25,160)	(124,068)
	———	———	———	———
	(173,630)	(386,887)	(111,127)	(356,717)
	———	———	———	———
Profit after Taxation	331,468	794,398	283,339	743,189
	———	———	———	———
Earnings per share – Basic and Diluted (in Rupees)	0.40	0.97	0.47	1.38

The annexed notes 1 to 17 form an integral part of this condensed interim financial information.

For more information, contact:
Zahid Sahibzada
Company Secretary
The Bank of Khyber
24-The Mall, Peshawar Cantt 25000,
Khyber Pakhtunkhwa,
Islamic Republic of Pakistan
UAN: +92-91-111 95 95 95
Fax: +92-91-5278146,
Web: www.bok.com.pk
E-mail: ceo@bok.com.pk