Before deciding on a loan taken out comprehensive financial analysis, interest on

loans is potentially more profit.

Some of the other objectives of BOK are:
 Improve customer services.
 Quick disposal of credit.
 Better cooperation.
 Operation and advisory services for foreign exchange accounts activities.
 To earn an adequate and sustainable profit for the shareholders and for the
sack of own smooth operations.
 To supply or provide employment opportunities to the people.
 To help in the development and industrialization of the country.

2.4 Functions of BOK:

Since BOK is a commercial bank, it performs a variety of functions. Like other
commercial banks, BOK is engaged in financing international trade. Its other major
functions include receiving deposits, advancing loans and discounting of exchange.
The functions performed by BOK are:
2.4.1 Accepting Deposits:
This function is important because banks largely depend on the funds deposited with
them by its customers. Deposits are of many types.
i. Current Deposits:
Current deposits are also called demand liability on current deposits. BOK pays
practically no interest on current deposits. Businessmen usually open current
accounts. In BOK current account can be opened with a minimum amount of
Rs.2000/-.
ii. PLS Saving Deposits:
Profit and loss sharing deposits (PLS) are also called checking accounts. One can
deposit and draw money easily. Profit on PLS is calculated every month but paid after
six months. PLS account can be opened with a minimum amount of Rs.2000/-

Internship Report on Bank Of Khyber Page 6