BoK delivers outstanding profit growth in H1 2025

MG News | August 26, 2025 at 03:47 PM GMT+05:00

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August 26, 2025 (MLN): The profit after taxation of Bank of Khyber (PSX: BOK) surged by an impressive 117.09% to Rs 3.37 billion compared to Rs1.55bn in the same period last year.

This outstanding performance was driven by strong operational efficiency and improved asset quality.

Earnings per share (EPS) more than doubled to Rs2.91 from Rs 1.34 in H1 2024, representing a 117.16% increase that significantly outpaced market expectations.

Bank of Khyber's total income increased by 43.04% to Rs12.27bn, up from Rs8.58bn in the corresponding period of 2024. The growth was primarily attributed to:

Net mark-up/interest income rose by 28.16% to Rs9.85bn
Non-mark-up income witnessed exceptional growth of 171.10% to Rs2.42bn
Significant gains on securities portfolio contributing Rs1.50bn

The bank demonstrated strong cost discipline with operating expenses increasing by only 14.10% to Rs 5.69bn, well below the revenue growth rate.

Most notably, Bank of Khyber recorded a credit loss reversal of Rs 618.5m, compared to a provision of Rs108.1m in H1 2024, indicating substantial improvement in asset quality and risk management.

Profit and Loss account for the six months ended June 30, 2025 ('000 Rupees)

	30-Jun-25	30-Jun-24	% Change
Mark-up / return / interest earned	27,588,830	33,879,063	-18.57
Mark-up / return / interest expensed	17,743,484	26,195,998	-32.27
Net mark-up / interest income	9,846,346	7,683,065	28.16
Fee and commission income	550,814	493,292	11.66
Dividend income	-	213	-
Foreign exchange income	282,162	337,328	-16.35
Income/ (loss) from derivatives	-	-	-
Gain/ (loss) on securities	1,496,573	-768	-
Net (loss)/ gain on derecognition of financial assets measured at amortised cost	9,610	-2,194	-
Share of profit of associate	8,466	9,143	-7.40
Other income	72,513	55,712	30.16
Total non-mark-up / interest income	2,420,138	892,726	171.10
Total income	12,266,484	8,575,791	43.04
Operating expenses	5,689,358	4,986,220	14.10
Workers Welfare Fund	-	-
Other charges	160	306	-47.71
Total non-mark-up / interest expenses	5,689,518	4,986,526	14.10
Profit before credit loss allowance	6,576,966	3,589,265	83.24
(Reversal of) / credit loss allowance and write offs - net	-618,472	108,051	-
Profit before tax	7,195,438	3,481,214	106.69
Taxation	3,829,072	1,930,515	98.34
Profit after tax	3,366,366	1,550,699	117.09
Earnings Per Share	2.91	1.34	117.16

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