LAHORE: The Bank of Punjab earned before tax profit of Rs5.6 billion during first nine months of current calendar year as against Rs3.1 billion earned during corresponding period of year 2014, showing 81% growth.
Similarly, the Earnings per share (EPS) for the nine months ended September 30, 2015 showed phenomenal surge and touched the level of Rs2.37 per share.
The results were declared during a meeting of the Board of Directors of BoP. During the meeting, un-audited Financial Statements of the Bank for nine months ended September 30, 2015 were approved by the Board.
Net Interest Margin (NIM) of the Bank improved significantly to Rs8.1 billion as against Rs4.7 billion during corresponding period of last year thereby registering a commendable growth of 72%. The Bank’s Non-Markup/ Interest Income also reached the level of Rs5.9 billion as against Rs1.9 billion during corresponding period of last year, showing a tremendous growth of 211%.
Bank’s Total Assets as on September 30, increased to Rs456 billion as against Rs420 billion as on December 31, 2014. The Deposits of the Bank touched the level of Rs357 billion as against Rs342 billion as on December 31, 2014. The net Advances and Investments were recorded at Rs202 billion and Rs189 billion, respectively.
