Islamabad, Apr 23, 2025: In its board meeting on April 22, 2025, The Bank of Punjab (BOP) reviewed and endorsed its unaudited financial statements for the quarter ending March 31, 2025.
The Board expressed strong appreciation for the Bank’s impressive progress, recognizing its ability to outperform expectations and set new financial milestones across all core segments.
Amidst a volatile economic environment and intense sector-wide competition, BOP recorded an extraordinary 353% rise in operational profit before provisions and non-core gains, compared to the same quarter last year.
Profit before provisions soared to Rs. 5.09 billion, up from Rs. 1.72 billion in Q1 2024, marking an outstanding 197% jump.
The Bank’s Net Interest Margin (NIM) surged by 76%, reaching Rs. 15.04 billion, versus Rs. 8.55 billion last year.
Operational costs stayed well-aligned with industry benchmarks, with a cost-to-average deposits ratio at 3.3% and a 12% reduction in the cost-to-income ratio year-over-year.
Consequently, the Bank’s Profit Before Tax climbed to Rs. 4.01 billion, compared to Rs. 3.51 billion, reflecting a 14% increase.
Even under a heightened 53% tax rate, Earnings Per Share (EPS) still rose from Rs. 0.52 to Rs. 0.55, showcasing the Bank’s strong earnings capacity and operational efficiency.
Bank of Punjab Total Assets grew by 12% year-on-year, hitting Rs. 2,334 billion, while total deposits swelled by 21% to Rs. 1,718 billion, including a 22% rise in current deposits, reflecting public confidence and robust mobilization strategies.
Read More: Bank of Punjab Posts 353% Surge in Q1 2025 Operating Profit
The Bank’s capital base also remains solid, with Tier-1 equity reaching Rs. 81 billion and a Capital Adequacy Ratio (CAR) of 16.93%.
Beyond financial achievements, BOP continues to be a key contributor to socio-economic progress
. It efficiently manages several flagship initiatives of the Government of Punjab, including CM Punjab Asaan Karobar Scheme, Kissan Card, Livestock Card, and Apni Chaat, Apna Ghar Scheme.
During the first quarter, the Bank also flawlessly executed the GoPb’s Nigehban Ramzan Program, one of the largest targeted subsidy programs, using its advanced tech infrastructure
. Moreover, BOP was the only commercial bank to secure two honors at the State Bank’s Pakistan Financial Literacy Week Awards 2025, for its role in Agriculture and SME development.
This stellar performance reaffirms BOP’s strategic direction, operational mastery, and unwavering dedication to stakeholder value.
With continuous innovation and digital evolution, the Bank is on track to maintain its growth trajectory in future quarters.
