Bank of Khyber
Encyclopedia
The Bank of Khyber is a bank
based in Peshawar
, Pakistan
, with several branches in the Khyber Pakhtunkhwa province of the country. It was set up as a state-owned, regional bank in 1991 along with the Bank of Punjab
and the First Women Bank
. It offers Islamic banking
services and microfinance loans http://www.bwtp.org/arcm/pakistan/II_Organisations/Donors_%20Investors/SDC.htm.
The bank had an initial public offering
of its shares at Karachi Stock Exchange
in January 2006.
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
based in Peshawar
Peshawar
Peshawar is the capital of Khyber-Pakhtunkhwa and the administrative center and central economic hub for the Federally Administered Tribal Areas of Pakistan....
, Pakistan
Pakistan
Pakistan , officially the Islamic Republic of Pakistan is a sovereign state in South Asia. It has a coastline along the Arabian Sea and the Gulf of Oman in the south and is bordered by Afghanistan and Iran in the west, India in the east and China in the far northeast. In the north, Tajikistan...
, with several branches in the Khyber Pakhtunkhwa province of the country. It was set up as a state-owned, regional bank in 1991 along with the Bank of Punjab
Bank of Punjab
The Bank of Punjab is a bank based in Lahore, Punjab, Pakistan. It serves Pakistan and functions as an international bank.-History:The bank was established in 1989, pursuant to The Bank of Punjab Act 1989, and was given the status of a retail bank in 1994....
and the First Women Bank
First Women Bank
First Women Bank Limited is located in Karachi, Sindh, Pakistan.First Women Bank Limited was incorporated as a Scheduled Commercial Bank in Public Sector as Public Company Ltd by shares on 21 November 1989 Under Companies Ordinance 1984 and commenced its business on 2 December 1989 with a paid up...
. It offers Islamic banking
Islamic banking
Islamic banking is banking or banking activity that is consistent with the principles of Islamic law and its practical application through the development of Islamic economics. Sharia prohibits the fixed or floating payment or acceptance of specific interest or fees for loans of money...
services and microfinance loans http://www.bwtp.org/arcm/pakistan/II_Organisations/Donors_%20Investors/SDC.htm.
The bank had an initial public offering
Initial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
of its shares at Karachi Stock Exchange
Karachi Stock Exchange
The Karachi Stock Exchange or KSE is a stock exchange located in Karachi, Sindh, Pakistan. It is Pakistan's largest and oldest stock exchange, with many Pakistani as well as overseas listings. Currently located in Stock Exchange Building on Stock Exchange Road, in the heart of Karachi's Business...
in January 2006.