MUZAFFARABAD:The total asset value of Bank of Azad Jammu and Kashmir has increased from Rs.13.566. billion to the tune of Rs.27.5 billion in the last two years.
It appeared as a record in the last 16 years of Banking history of AJK and the amount increase of 4 billion rupees was recorded in the assets during first six months of the fiscal year of 2022.
These details were presented in a review meeting held here on Friday under the chair of Khawar Saeed, President and Chief Executive Officer of the Bank of AJK.
The participants were informed that the value of the total assets of the bank was just 13.566 billion rupees in 2019, which increased to 16.819 billion rupees in 2020, further it increased to 23.693 billion rupees in 2021 and elevated up to level of 27.5 billion rupees in just six months in 2022.
On this occasion, the high officials of the Bank said that the bank has achieved its target before the stipulated time with the cooperation of AJK Government, BODs especially under the patronage of Finance Minister Khan Abdul Majid Khan and best supervision of the Chief Executive Officer Mr. Khawar Saeed, besides, the effective team work of the staffers and coordination of the customers.