Muzaffarabad, (Parliament Times) : The 79th meeting of the Board of Directors of the Bank was held under the chairmanship of the Minister of Finance and Mutual Aid and Chairman of the Bank of Azad Jammu and Kashmir Mr. Khan Abdul Majid Khan.
In the meeting held at the head office of the bank, President and Chief Executive Officer Mr. Shahid Shehzad Mir, Directors, Secretary Finance Government of Azad Jammu and Kashmir Mr. Islam Zeib, Secretary Industry and Crafts Mr. Khalid Mahmood Mirza, Secretary Law and Justice Mr. Muhammad Sajjad, Mr. Mubasher Nabi, Mr. Zulfiqar Abbasi, Ms. Bushra Naz Malik and Company Secretary Dr. Adnanullah Khan participated in the meeting. Various operational agendas were presented including the financial accounts for the first half of the year (June 30, 2024), which were approved after detailed discussion.
According to the half-yearly financial accounts, the bank’s profits, assets, deposits and remittances are continuously increasing while attractive loans are being provided to customers on easy terms and minimum markup. The board was informed that the current year In the first half of the year, the bank made an operating profit of Rs 906 million, assets rose to Rs 48 billion, deposits rose to Rs 39 billion. Loans worth Rs 4.5 billion were provided to consumers under various attractive schemes.
Appreciating the role of all stakeholders for the excellent performance and cooperation, the board reiterated its determination to continue the journey of success and development of the bank. On this occasion, Mr. Chairman said that the institution will be successful and foremost under the leadership of the government. All efforts are being made to include in the banks. He said that the best business results will be continued with the hard work of the staff, team work, and the full cooperation of the esteemed customers.