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| Bank of Khyber new loans initiative |
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PESHAWAR: The Bank of Khyber (BoK) has adopted a novel way of extending loan facility to the industries in Peshawar by sending its credit officers to Industrial Estate Peshawar in order to enquire about the financial requirements of different industries.
Industrialists at the Industrial Estate Hayatabad were surprised to see the credit officers of the Bank of Khyber (BoK) along with the office-bearers of Industrial Association Peshawar (IAP) visiting various factories and enquiring about their financial needs for both long and short-term credit facilities, said IAP President Nauman Wazir.
IAP President Nauman Wazir said that Senior Vice President Marketing, Tamseel Ahmed and his credit team alongwith IAP office-bearers visited eleven industries at the Industrial Estate Peshawar.
During the visit, he said the BoK officials enquired about the financial requirements of these industries and it was decided that nine of these units would be financed by Bank of Khyber in the near future. Lauding the Bank of Khyber to finance the industry in the North West Frontier Province (NWFP) IAP President Nauman Wazir said the decision of the BoK to extend financial support to industries would help a lot in boosting economic and commercial activities in the province.
Later, an official of the BoK said the visit to the industrial estate was aimed at getting first-hand information about bank's clients and to further enhance the financial support to the industries in order to gear up the financial and commercial activity in the province. During the visit, he said, the banks' officials met with the owners of different industrial units and asked about their financial requirements along with the service of the bank. A number of decisions were also taken for resolving the day-to-day problems being faced by industrialists in the banking sector, the official added. He said the report of the visit has been prepared and is being submitted to BoK managing director, who would also soon hold a visit of Industrial Estate Peshawar. |
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