Lahore, April 22, 2025 — The Board of Directors of The Bank of Punjab (BOP), in a meeting held on April 22, 2025, reviewed and approved the unaudited financial statements for the first quarter ended March 31, 2025. The Board commended the Bank’s exceptional financial performance, which significantly surpassed expectations and set new benchmarks across all key performance indicators.
Despite a challenging economic environment and heightened competition in the banking sector, BOP delivered an extraordinary 353% year-on-year growth in operational profit before provisions and gains. Profit before provisions soared to Rs. 5.09 billion in Q1 2025, up from Rs. 1.72 billion in the same period last year—marking a 197% increase.
The Bank’s Net Interest Margin (NIM) recorded an impressive 76% growth, reaching Rs. 15.04 billion compared to Rs. 8.55 billion in Q1 2024. Cost management remained prudent, with the cost-to-average deposits ratio at a low 3.3% and the cost-to-income ratio improving by 12% from Q1 2024.
As a result, Profit Before Tax climbed to Rs. 4.01 billion, reflecting a 14% year-on-year increase. Despite absorbing a significantly high tax rate of 53%, the Bank’s Earnings per Share (EPS) improved to Rs. 0.55, up from Rs. 0.52, highlighting the efficiency and profitability of its operations.
BOP also demonstrated robust balance sheet growth, with Total Assets increasing by 12% to Rs. 2,334 billion. Deposits surged by 21% to Rs. 1,718 billion, including a 22% rise in current deposits—a testament to the Bank’s strong public trust and effective deposit mobilization strategy.
The Bank’s capital position remained solid, with Tier-1 Equity rising to Rs. 81 billion and a Capital Adequacy Ratio (CAR) of 16.93%.
Beyond financial achievements, BOP continues to play a leading role in national development and social welfare. The Bank efficiently managed several key initiatives of the Government of Punjab (GoPb), including the CM Punjab Asaan Karobar Scheme, CM Punjab Kissan Card, CM Punjab Livestock Card, and the Apni Chaat, Apna Ghar Scheme.
Notably, during Q1 2025, BOP also successfully administered the GoPb’s large-scale targeted subsidy program, the Nighaban Ramzan Program, leveraging its advanced technological infrastructure to ensure timely and transparent delivery.
With a steadfast commitment to inclusive banking and economic progress, BOP continues to strengthen its position as a cornerstone of Pakistan’s financial ecosystem.
