BOP announces financial result for 1st Quarter of 2014

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A meeting of the Board of Directors of the Bank of Punjab was held on April 28 2014. During the meeting un-audited Financial Statements of the Bank for the quarter ended March 31, 2014 were approved by the Board. During the 1st quarter of the year 2014 the bank earned before tax profit of Rs 691 million as against Rs. 513 million for the 1st quarter of year 2013 thereby registering a rise of 35%. The Net Interest Margin of the bank stood at Rs 1,004 million as against Rs 475 million during 1st quarter of last year thereby reflecting a growth of 111%. The Earning per share (EPS) for the quarter ended March 31, 2014 remained at Rs 0.41. Bank’s Total Assets as on March 31, 2014 stood at Rs 362 billion as against Rs 353 billion as on December 31, 2013. The Deposits of the bank stood at the level of Rs 298 billion, while the Advances and Investments stood at Rs 155 billion and Rs 148 billion, respectively.

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  1. very good bank and can increase its revenue through good management largest government bank after national bank. supporting activities like solar panel is another achievement.

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