Bank of Khyber opens Islamic banking branch

Friday, December 25, 2009
By our correspondent

PESHAWAR: The Bank of Khyber (BoK) opened an Islamic banking facility in the city, raising the number of such branches to 17 across the country.

Bilal Mustafa, managing director of the bank, inaugurated the new branch.

The branches dedicated to Islamic banking are functioning in Abbottabad, Mansehra, Bannu, Batkhela, Charsadda, Hangu, Hayatabad, Nowshera, Tank, Timergara, Faisalabad, Lahore, Rawalpindi, Quetta, Cloth Market Karachi and SITE Karachi.

Speaking on the occasion, Bilal Mustafa said all BoK conventional branches would have an Islamic banking counter to cater to the banking requirements of the customers.

He said BoK assets had reached Rs35 billion which showed stability of the bank. He said BoK's branch expansion plan for 2009 is under way and its total network would go up to 41 branches.