Press Release

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

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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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Information herein was obtained from sources believed to be accurate and reliable; however, JCR-VIS Credit Rating Company Limited JCR-VIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information.JCR-VIS, the analysts involved in the rating process and members of its rating committee do not have any conflict of interest relating to the rating(s)/ranking(s) mentioned in this report.JCR-VIS is not an NRSRO and its credit ratings are not NRSRO credit ratings.JCR-VIS is paid a fee for most rating assignments. This rating/ranking is an opinion and is not a recommendation to buy or sell any securities. Copyright 2012 JCR-VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to JCR-VIS.

JCR-VIS Credit Rating Company Limited