LAHORE: The Bank of Punjab’s (BoP) profits increased by 75% in its pre-tax profit for the year 2015 which reached the level of Rs 7.5 billion.
Defying all odds and denying all negative perceptions, BOP has emerged as a successful, resilient and self-reliant corporate entity. The Bank’s journey of last few years witnessed one of the most remarkable and worth emulating success story from a sinking ship to a stable voyager and then to a flag bearer of progress and prosperity.
During the year 2015, Net Interest Margin (NIM) of the Bank improved significantly to Rs. 11.1 billion as against Rs. 9.0 billion during last year thereby reflecting a healthy growth of 23%. Accordingly, before tax profit increased to Rs. 7.5 billion as against Rs. 4.3 billion for the year 2014 registering a commendable growth of 75%.
The Earning per share (EPS) for the year 2015 improved to the level of Rs. 3.05 as against Rs. 1.94 for year 2014 thereby registering a massive growth of 57%.
