Press Release

JCR-VIS Places Ratings of The Bank of Khyber Under Rating Watch- Developing Status

Karachi, February 08, 2012: JCR-VIS Credit Rating Company Limited has placed the entity ratings of ‘A-/A-2’ (Single A Minus / A-Two) assigned to The Bank of Khyber (BoK) under ‘Rating Watch-Developing Status’. This is on account of invitation for expression of interest by the Government of Khyber Pakhtunkhwa (GoKP) for transfer of management rights of the bank. GoKP has also shown interest in selling around 19% of its shareholding in BoK, while retaining 51% shareholding in the bank.

For further information on this rating announcement, please contact Mr. M. Rashid Zahir (rashid.zahir@jcrvis.com.pk) or Mr. Maimoon Rasheed at 042-36610681-84.



Syed Ziauddin Ahmed
Advisor

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