MUZAFFARABAD ( Web News )
The assets of the Bank of Azad Jammu and Kashmir have increased to 31.17 billion rupees. There has been a historical increase of 17 billion 67 crore rupees in the assets over the past four years. The spokesperson of the bank, while detailing the recent financial results and the steps taken for progress, stated that around three and a half years ago, when at the end of the year 2019, Mr. Khawar Saeed took charge as the President/CEO of the bank, the total assets of the bank were around 13.5 billion rupees. Following this, modern business techniques, effective and appropriate business planning, goal setting, professional training of staff, and aggressive marketing were given special attention, and practical business wisdom was redefined. As a result, encouraging results started to emerge. Consequently, the bank’s interests, deposits, home loans, and assets also increased, reaching 16.81 billion rupees in 2020. During 2021, the assets further increased to 23.55 billion rupees. In 2022, the assets more than doubled, reaching 28.46 billion rupees. In just 9 months of the current year, 2023, the bank’s assets have reached 31.17 billion rupees. The spokesperson further stated that with the effective and relevant business policy in place, it is expected that there will be a historical increase in the bank’s assets next year as well.