The Bank of Punjab (BOP) has announced an exceptional financial performance for the first quarter of 2025, showcasing significant growth across all key metrics despite a challenging economic environment. The Bank’s Board of Directors, in a meeting held on April 22, 2025, reviewed and approved the unaudited financial statements for the quarter ended March 31, 2025.
BOP recorded a remarkable 353 percent growth in operational profit before provisions and gains, with figures rising from Rs. 1.72 billion in Q1 2024 to Rs. 5.09 billion in Q1 2025. This translates into a 197 percent increase in profit before provisions, highlighting the Bank’s robust operational efficiency and effective management strategies.
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The Net Interest Margin (NIM) surged by 76 percent, reaching Rs. 15.04 billion, compared to Rs. 8.55 billion in the same period last year. The Bank maintained a strong cost discipline, with a cost-to-average deposits ratio of 3.3 percent and a 12 percent reduction in the Cost-to-Income Ratio year-on-year. These improvements contributed to a 14 percent rise in Profit Before Tax, which stood at Rs. 4.01 billion, up from Rs. 3.51 billion in Q1 2024.
Despite an increased tax rate of 53 percent, BOP’s Earnings per Share (EPS) rose to Rs. 0.55, up from Rs. 0.52, demonstrating the Bank’s resilience and profitability. Total Assets increased by 12 percent to Rs. 2,334 billion, while Deposits grew by 21 percent, reaching Rs. 1,718 billion. Current deposits alone saw a 22 percent rise, reflecting strong customer confidence and effective deposit mobilization.
The Bank’s Tier-1 Equity strengthened to Rs. 81 billion, and the Capital Adequacy Ratio (CAR) remained healthy at 16.93 percent, reaffirming the Bank’s solid financial foundation.
In addition to its financial achievements, BOP played a significant role in supporting various Government of Punjab initiatives such as the CM Punjab Asaan Karobar Scheme, CM Punjab Kissan Card, CM Punjab Livestock Card, and Apni Chaat, Apna Ghar Scheme. The Bank also efficiently managed the Nighaban Ramzan Program, one of the largest targeted subsidy programs, leveraging its advanced technology.
BOP’s contributions to financial literacy and sectoral development were recognized at the State Bank of Pakistan’s Pakistan Financial Literacy Week Awards 2025, where it was the only commercial bank to receive two awards for excellence in the Agriculture and SME sectors.
With a focus on strategic growth, digital transformation, and stakeholder value creation, The Bank of Punjab is poised to continue its strong performance in the upcoming quarters.
