J.P. Morgan, one of leading financial services firm of USA, in its recent annual analysis report has applauded the significant growth attained by the Bank of Punjab and regarded the bank as "growth leader". This is stated by a bank's spokesman here on Tuesday.
J.P. Morgan highlighted various operational areas of the Bank of Punjab, such as strong management, differentiated consumer loan growth strategy and specialised agriculture financing with minimum delinquencies, he added.
The analysis further illustrates that the bank's future strategy that is focusing on SME, agriculture and consumer lending, which have made it distinct from other banks in Pakistan. The analysis also projected a 33percent rise of BoP's share at the end of 2007 over its current price.
Further MAP (Management Association of Pakistan) has also awarded the Bank of Punjab 24th Corporate Excellence Award for Best Managed Banking Company for the year 2006.
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