Japan Credit Rating-Vital Information Service Places Ratings of the Bank of Khyber under Rating Watch- Developing Status

General Business News

Karachi: 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 more information, contact:
Mr. Javed Callea
JCR-VIS Credit Rating Company Limited
Tel: +9221 35311861 (10 lines) (Ext: 501)
Fax: +9221 35311872-3
E mail: javed.callea@jcrvis.com.pk