MUZAFFARABAD ( Web News )
The total value of assets of Bank of Azad Jammu and Kashmir has crossed the figure of Rs.25 billion whereas deposits reached at ever time high Rs. 19 billion. This was stated in an event organized here in the capital of the State. Mr. Khan Abdul Majid Khan, Minister for Finance, Cooperative, Inland Revenue and Chairman Bank of AJK was the chief guest at the occasion. While talking to the management of the bank, the minister said that the only financial institution of the state is making speedy progress. Significant business results have been achieved. He said that the government is taking all possible steps to continue the growth journey of the bank. Earlier, the President and Chief Executive Officer Mr. Khawar Saeed in a briefing said that the total value of the bank’s assets in the year 2019 was Rs. 13.566 billion. In 2020, it has increased to Rs 16.819 billion and now it has reached to Rs 25.03 billion, which is the highest ever in the history of the bank. He said that the total deposits in 2019 were only Rs 11 billion which has now increased to Rs 19.200 billion. He further said that historic business targets have been achieved in areas such as assets, deposits, profits and remittances. A cake was also cut on this occasion.