The bank of khyber
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The bank of khyber Presentation Transcript

  • 1. PRESENTED BY:- 1. HAMEED ULLAH 2. KASHIF ALI 3. MEHREEN RAZA THE BANK OF KHYBER
  • 2. CONTENTS OF PRESENTATION  Introduction Of Bank Of Khyber  Mission Statement  Vision  Products And Services Offered By Bank Of Khyber A. Products (Schemes):- 1. Deposit Schemes:- I. Current Benefit Account II. Be Baha Mahana Amdani III. Maala Maal Munafa Scheme IV. Regular Amdani Scheme
  • 3. CONTENTS OF PRESENTATION 2. Advances Schemes:- I. Car Finance II. Commercial Finance III. Consumer Finance IV. Home Finance V. Micro Finance B. Services Offered:- 1. Online Banking 2. Islamic Banking
  • 4. INTRODUCTION  The Bank of Khyber was established in 1991 through Act No. XIV, passed by the Provincial Legislative Assembly of the KHYBER PAKHTUNKHWA Province of Pakistan.  It was awarded status of a Scheduled Bank in September 1994.  The Bank of Khyber enjoys a unique position, and stands out amidst the other banks operating within Pakistan, and has the privilege of being bracketed amongst the only three government
  • 5. Banks of the Country. Currently The Bank has a total Branch Network of “62’’ Branches. ‘’26’’ of them are working as Dedicated Islamic Branches and ‘’36’’ are working as Conventional Banking Branches.
  • 6. MISSION STATEMENT  To increase shareholders' value.  To provide excellent service and innovative products to customers through effective corporate governance and friendly work environment.  To Contribute in sub-economic growth,prosperity and economic devolopment of Pakistan.
  • 7. VISION OF BOK  To become a leading Bank providing efficient and Dynamic Banking Services in both Islamic and Conventional Sectors.
  • 8. PRODUCTS AND SERVICES OFFERED BY BANK OF KHYBER A. PRODUCTS(SCHEMES):- 1. DEPOSIT SCHEMES:- I. CURRENT BENEFIT ACCOUNT:- The salient features of the scheme are given below:-  Product Name:- Current Benefit Account.  For Conventional Branches:-  Eligibility :- Current Account Holders only.
  • 9. Minimum Deposit :- Rs.20,000/-(for Individuals/joint). Rs 100,000/-(For Partnership/Corporate). For Islamic Branches:- Eligibility :- All Types of Accounts irrespective of minimum deposit requirement.
  • 10. Features :- Free Online Transactions. Free ATM Card for one authorized person. Free Pay Order. Free Demand Draft (on BOK Branches). Actual postal charges to be recovered. Free Statement of Account. Personalized facility to pay Utility Bills.
  • 11. BE BAHA MAHANA AMDANI SCHEME Salient features of the Be-Baha Mahana Amadani (BBMA) Scheme:- 1. Maturity:- 3 months, 6 months and 1 year. 2. Minimum Deposit:- Rs. 1,00,000/-. 3. Interst Rate:- 10.50% per annum for 3 months,11.00% per annum for 6 months and 11.50% per annum for 1 year. Value added features:- 1. Free issuance of Cheque-book 2. Free issuance of ATM Card 3.Free quarterly statement of account 4.Profit payable on monthly basis 5.Zakat will be deducted as per government rules
  • 12. MAALA MAAL MUNAFA SCHEME Salient features of the Maala Maal Munafa Scheme (MMMS):  Maturity:- Two years.  Minimum deposit requirement :- Rs. 1,00,000/-.  Interst Rate:- 10.00% per annum for the First Year, 11.00% per annum for the Second Year and for Senior Citizens 11.25 % per annum for the First Year and 11.50 % per annum for the Second Year.
  • 13. Value Added Features:- Profit payable on monthly basis.  Financing Facility will be made available to the depositor as per the relevant rules for advances.  With-holding tax and Zakat to be deducted as per the Government rules.  Pre-mature withdrawals to be allowed at the last declared rates.
  • 14. REGULAR AMDANI SCHEME Salient features of the Regular Amdani Scheme:- Maturity:- 5 years. Minimum deposit:- Rs 100,000/- for individuals and Rs 10,00,000/- for corporate.  No premature termination prior to completion of one full year.  If terminated before completion of one full year period,(continue ….
  • 15. any profit disbursed will be deducted from principal at settlement.  Value Added Features:- With holding Tax and Zakat to be deducted as per government rules.
  • 16. FOREIGN CURRENCY DEPOSIT SCHEME • Foreign Currency Current Accounts • Foreign Currency Saving Accounts • These accounts are available in US Dollar, Pound, Sterling and EURO. Interest rates on Saving Accounts are announced on monthly basis.
  • 17. CAR FINANCE 1. Branches Offering Car Finance:- All BOK Conventional Branches. 2. Eligibility Criteria:- a) Nationality:- All Pakistani having computerized National Identity Card. b) Age of applicant:- 21 to 55 years for salaried person and 21 to 60 years for businessman / self employed persons. c) Income:- i) Salaried Persons:- Monthly take home salary should be 2/3rd times of the amount of monthly installment. ii) Self Employed/Business Persons:- Average monthly verifiable income should be 3 times of monthly installment. Individuals who earn less than Rs. 15,000/- per month or Rs. 180,000/- per annum shall not be eligible for financing.
  • 18. • 3. Maximum limit:- Rs.1.20 Million 4. Title of the Vehicle:- Title of the vehicle shall be joint i.e. The Bank of Khyber and the Client. 5.Required Documents:- • Clients request • Borrower Basic Fact Sheet • Account statement for the past 6 months • Application of finance on prescribed format • Proof of income i-e salary slips, income tax return or affidavit, whichever is applicable • Attested photocopy of valid CNIC • 01 passport size color photograph • Copy of Valid Driving License • Quotation from authorized dealer. • Copy of valid CNIC & income proof of guarantor
  • 19. • 06. Repayment Frequency:- • Monthly installments through post dated cheques • Time Period 01 – 05 years 07. Penalties etc:- A penalty of 2% over and above the levied mark up will be charged on each delayed installment. 08. How to Apply:- Through BOK Conventional Branches where application form is available in all branches.
  • 20. COMMERCIAL FINANCE • :: Running Finance:- This is a working capital finance facility available for one year and renewed subject to satisfactory utilization thereof. • :: Cash Finance:- Cash finance is extended to manufacturing concerns for meeting their seasonal requirements (against pledge). • :: Export Refinance:- This facility is encouraged to boost exports of the country. Funds are made available from SBP credit facilities. • :: Demand Finance:- It is a term loan disbursed in lump sum and repayable in the form of monthly or quarterly installments
  • 21. • :: Loan Against Salaries:- BOK provides loan against salary to employees of Government / Semi- Government organizations for personal domestic consumptions. The employee must be confirmed having minimum of three years of service. However, the remaining service period of the employees must not be less than terms of the loan. To avail this facility, the employee must be account holder of the bank. Loan limit is up-to 15 Take Home Salaries but not exceeding Rs. 1.00 million. This facility is available for a maximum period of 4 years but can be allowed for a shorter period. • :: Agriculture Credit:- • Sada Bahar Zarai Loan:- Designed to serve the working capital requirements of Agriculture Based activities especially, the cost of various inputs including seed, fertilizers, pesticides, labor, utility charges etc. • Khyber Tractor Loan:- This Scheme is aimed at financing of Tractors required by the farming community. The intending borrower can select a tractor of his choice from the open market or through booking from a Manufacturer. • Tube Well & Farm Machinery / Equipments Loan:- This product is aimed at mechanization of the agriculture activities and can be used for financing of Tube Wells and other farm machinery like Tractor trolleys, Threshers, Blades, Ploughs, etc.
  • 22. CONSUMER FINANCE • INTRODUCTION:-The Bank of Khyber is offering Consumer Finance to the general Public and Government Employees for meeting their personal and domestic financial requirements. • LOAN AGAINST SALARIES:- • The Bank provides loan against salary to employees of federal / provincial governments, autonomous & semi-autonomous bodies and corporations listed on stock exchange for personal and domestic consumptions. • Branches Offering Loan Against Salaries:- All BOK Conventional Branches • Eligibility Criteria:- • a) Nationality:- All Pakistani residents holding computerize National Identity Card • b) Age of applicant:- 21 to 55 years • c) Period of Employment:- Salaried persons having an employment history of at least 3 years or more in a permanent cadre.
  • 23. • d) Income:- Monthly take home salary after the deduction of Salary finance installment should not be less than 2/3rd of the total salary. Moreover, the proposed loan installment plus other finance facilities’ installments (if any) should be less than 50% of the take home salary / income. • Maximum limit:- 15 Take Home Salaries (Maximum limit up to Rs. 1.00 Million). • Required Documents:- • Clients request • Borrower Basic Fact Sheet • Account statement for the past 6 months • Application of finance on prescribed format • Proof of income i-e salary slips • Attested photocopy of valid CNIC • 01 passport size color photograph • attested photocopies of CNIC of two references • Copy of valid CNIC & income proof of guarantor
  • 24. HOME FINANCE SUHANA GHAR • 1. Branches Offering Housing Finance. All BOK Conventional Branches. • 2. Bank’s policy on Mortgage Financing:-. The house financed by the Bank’s shall be mortgage in Bank’s favor by way of equitable and/or Registered Mortgage. • 3. Eligibility Criteria:- a) Nationality;- All Pakistani residents holding a valid computerized National Identity Card b) Age of applicant:- Between 22 and 55 years
  • 25. • c) Period of Employment/ Engagement in business or profession Salaried person having an employment history of at least 5 years or more with a continuous employment of 2 years with the same employer. Self employed and business persons engaged in a profession or business for at least 5 years. d) Income:- i) Salaried Persons:- Monthly take home salary should be 2/3rd of the amount of monthly installment. ii) Self Employed/Business Persons:- Average monthly verifiable income should be 3 times of monthly installment. Individuals who earn less than Rs. 15,000/- per month or Rs. 180,000/- per annum shall not be eligible for financing. e) Purpose:- Financing shall be allowed for House Purchase, Construction and Renovation. 4. Maximum limit:- Rs.10.00 Million
  • 26.  5.Schedule of Charges:- • Processing charges 0.1% of the facility amount • Early termination / settlement charges – to be calculated on daily product basis • Partial payment charges 5% of the amount to be adjusted 6. Required Documents:- • Clients request • Borrower Basic Fact Sheet • Account statement for the past 6 months • Application of finance on prescribed prorforma • Proof of income i-e salary slips, income tax return or affidavit, whichever is applicable • Attested photocopy of valid CNIC • 01 passport size color photograph Property Documents:- • NOC from the concerned Authority to mortgage where applicable • Property valuation certificate from bank approved evaluator • Copy of valid CNIC & income proof of guarantor.
  • 27.  7. Repayment Frequency:- • Monthly installments through post dated cheques • Time Period 1 – 15 years 8. Rates and Charges of Agencies other than BOK:- • Evaluator Fee as Actual • Lawyer Fee as Actual 9. Penalties etc. A penalty of 2% over and above the levied mark up will be charged on each delayed installment. 10. How to Apply:- Through BOK Conventional Branches where application form is available at all Branches.
  • 28. MICRO FINANCE  INTRODUCTION:-  Micro Finance has proved to be one of the most effective tools,for facilitating economic devolopment through increased access to financial activities.  The economic landscape of Khyber Pukhtunkhwa is characterized by a no of small scale economic activities and enterprises but in the past no attention has been given to this sector of economy.  AIM OF BANK OF KHYBER:-  Bank of khyber aims to become the largest micro finance providing commercial bank in Khyber Pukhtunkhwa.  OBJECTIVE OF BANK OF KHYBER:-  Our main objective is to provide access to Financial Services to low income segment of society,to raise their standard of living with great emphasis on women.
  • 29.  MISSION OF BANK OF KHYBER:-  To contribute in poverty alleviation through income generated activities by the improvement of employment opportunities by supporting and financing micro enterprises.  MICRO FINANCING BY BANK OF KHYBER:-  Contributing significantly to income and employment generation,the Bank Of Khyber considers the promotion of micro enterprises as one of the alternative economic devolopment stategy.  BOK launched microbusiness devolopment in ‘’1995’’.  This was the first formal and structured initiative by a commercial bank to strengthen the area of micro enterprises.  It was further strengthened by Multilateral institutions like Asian Devolopment Bank(ADB) and German devolopment bank through credit lines and technical assistance.  LOAN ADVANCED BY BOK AS MICRO FINANCE:-  BOK advanced loans of Rs 1.3 Billion to more than 27,000 borrowers with majority of loans below Rs 50,000 per client.
  • 30. SERVICES OFFERED BY BANK OF KHYBER 1. ONLINE BANKING:  The Bank of Khyber offers Online Banking Facility to its customers at branches all over Pakistan.  Cash may be accepted at a branch for crediting accounts at another branch, Cheques can be paid by a branch by debiting the customer’s account at another branch.  Following facilities are available at The Bank of Khyber’s Online Program for its customers: Cheque Encashment Cash Transfer:- Transfer of Funds through Cheques between Branches.
  • 31. SERVICES OFFFERED BY BANK OF KHYBER 2.ISLAMIC BANKING:  OUR VISION: To be the Premier Islamic Bank providing innovative Financial Services, based on the Principles of Shariah.  OUR MISSION: To translate true Islamic economic principles in to practice, with firm beliefs to establish an economic system based on the Final Revelation.  By partnering with our customers in Halal earnings with employing best business practices, the latest financial services technologies and placing our trust in Allah we are confident of our success in achieving constant economic growth, creation of job opportunities and poverty alleviation.
  • 32. 1.CURRENT ACCOUNT INTRODUCTION OF CURRENT ACCOUNT:  The Deposits in current accounts are received on Qard-e-Hasana basis.  The funds received in Current Accounts are not used in any interest based banking activities.  The account opening facility is available in all the Islamic banking branches of The Bank of Khyber and Islamic Desks at all other branches of The Bank of Khyber Key Features of Current Account:- • No limit on withdrawal. • No Profit No loss. • Free On-Line deposit/ Withdrawal. • Free Account Statement (once in a month). • Free ATM Card. • No charges for Closing of Account. • Free e-mail of account statement.
  • 33. 2.INTERST FREE PLS SAVING ACCOUNT INTRODUCTION:  Deposit in Profit and Loss Saving Accounts in BOK Islamic Banking are accepted on Musharaka basis strictly in conformity with the principles of Islamic Shariah.  The profit is calculated on monthly basis and disbursed to customers on monthly basis. The PLS account opening facility is available in all BOK Islamic Branches as well as Islamic Desks established in all Conventional branches of BOK. Key Features of PLS Account:- • Profit Payment on monthly Basis. • Profit Calculation on average Daily Balance. • Free On-Line deposit/ Withdrawal. • Free Account Statement (Once in a month) • No charges for Closing of Account. • Free ATM Card • Free e-mail of account statement.
  • 34. 3.RIBA FREE CERTIFICATES(RFC) • INTRODUCTION:  Riba Free Certificates of BOK Islamic Banking are issued on Musharakah basis strictly in conformity with the principles of Islamic Shariah.  The profit is calculated on monthly basis and paid to customers at their choice.  RFCs are issued from all BOK Islamic Branches as well as Islamic Desks established in all Conventional branches of BOK.
  • 35. • Key Features of RFCs: • Minimum Investment:- Rs.10,000/- • Profit Payment on every 5th working day of each month or at discretion of the customer. • Investment periods are 6 Months, 1Year, 2Years, 3Years and 5Years. • Pre-Mature termination allowed subject to adjustment of profit. • All other service charges are 50% for Senior Citizens.
  • 36. 4.RIBA FREE SPECIAL DEPOSIT CERTIFICATES INTRODUCTION::-  In this pool selective deposits are accepted against special assets and expected profit rates. These deposits are tagged with special assets and deposits are accepted only when there is some opportunity of investment.  These deposits are restricted and require special permission.
  • 37. • • Minimum Investment:- one million. • Profit Payment on monthly basis. • Maturity:- 1month, 3 months and 6 months. • Pre-Mature termination allowed subject to adjustment of profit. • Free On-Line deposit/ Withdrawal. • Free Account Statement (once in a month). • Free Closing of Account. • All other service charges are 50% for Senior Citizens. Key Features of RFSCs:-
  • 38. 5.RIBA FREE SPECIAL CERTIFICATES BANKS • INTRODUCTION:  In this pool only Banks deposits are accepted against specially allocated assets of the Bank. These deposits are tagged with special assets and deposits are accepted only when there is some opportunity of investment. These deposits are restricted and require special permission.
  • 39. Key Features of RFSD-Banks:- • Only Banks deposits are accepted. • Profit Payment on monthly basis. • Profit Calculation on average Daily Balance. • Maturity:- 1month. • Pre-Mature termination allowed subject to adjustment of profit. • Free On-Line deposit/ Withdrawal. • Free Account Statement (once in a month). • Free Closing of Account