The Government of Khyber Pakhtunkhwa has decided to transfer the management control to private sector. According to the Chairman of the bank 26% shares will be offered to public. About 51% of the shares are with the government whereas rest of the 49% is with private sector. The Government, however, does not interfere in the bank’s matters. The bank has also plans of its branch expansion in other provinces of the country. At present there are 54 branches which will be increased to 70 by the end of next year. The bank has an asset base of 40 bln rupees and a profit of about 1 bln rupees last year.

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