The credit policy of the bank is reviewed on periodic basis according to the target market. It is communicated down the line and clearly spells out the roles and responsibility of the individuals involved.
Our credit portfolio is diversified into different client segments. The consumer finance, car finance and house finance schemes have successfully been introduced and are in the real sense helping common folks in upraising their living standard. We significantly finance corporate sector and actively participate in syndications and bridge financing type of business activities.Commercial lending is our regular feature and is always tailored according to current requirement of business community.
Lending under the mode of Islamic Banking is another addition to our credit portfolio and we feel proud to mention that we have been financing under Murabaha , Ijara and diminishing Musharika.
Under consumer financing we have included some new items that will further facilitate the common man.A policy to finance agricultural sector has been formulated and we have started financing for agriculture sector.
We are also playing our due role in poverty alleviation by offering credits at micro level and our micro finance unit has specially been established in this regard, through which we have significantly financed in undeveloped areas of NWFP.
To ensure quality lending we conduct pre disbursement audit and Credit Administration Department has been established for proper monitoring of the process of documentation.
Consumer Finance Department
Under the umbrella of Consumer Finance BoK offers following type of Credit facilities
Consumer Durables Finance
Salary Loans for (Govt Employees)
AGRICULTURE CREDIT DEPARTMENT
Pakistan is blessed with one of the most unique land features spread over an area of 79.61 million hectares of which around 28% is under cultivation. The Country also possesses one of the best irrigation systems in the world supplemented by ideal climatic conditions and plenty of hard working and dedicated manpower. All these factors add up to create an ideal situation for a vibrant agriculture sector that can contribute towards the economic growth of Pakistan.
Moreover the need to encourage use of modern techniques in the shape of improved seeds, tillage methods and utilization of farm machinery cannot be over-emphasized but this requires availability of adequate capital. The Bank of Khyber, being fully committed to this cause of National concern has established a separate Agriculture Credit Department for provision of required capital to the agriculture sector.
The Agriculture Credit Department of the Bank has introduced the “Sada Bahar Zari Loan” Scheme. The salient features of the scheme are as under:
|Purpose of loan
||Purchase of agriculture inputs like seed, fertilizers, pesticides etc.
||Maximum Rs.500,000/- assessed under SBP per acre credit limits for various crops.
||Charge on Agriculture land through Agriculture Pass Book.
Registered / Equitable Mortgage of urban property.
Two Personal guarantees of reputable persons (at least one guarantor should
be a government servant.) Note: The Credit facility in this case will be up to
a maximum of Rs. 30,000 only.
||Crop loan insurance cover from an approved Insurance Company.
||Market based (linked with KIBOR.)
||Mark-up payment on half-yearly basis against out standing amount & once in a
year full adjustment of Principal + Mark-up at the end of the year.
Following Branches of the Bank have been designated to offer agriculture Loans.
- Dera Ismail Khan
- G.T Road
Growth in Credit Portfolio (Highlights)