A meeting of the Board of Directors of The Bank of Punjab was held on August 28, 2014. During the meeting, un-audited Financial Statements of the Bank for the half year ended June 30, 2014 were approved by the Board. During the first half of the year 2014, the Bank earned before tax profit of Rs 2,067 million as against Rs 1,542 million for the 1st half of year 2013 thereby registering a rise of 34 percent.
The Net Interest Margin of the Bank stood at Rs 2,776 million as against Rs 1,104 million during 1st half of last year thereby reflecting a growth of 151 percent. The Earning per share (EPS) for the half year ended June 30, 2014 remained at Rs 1.01. Bank's Total Assets as on June 30, 2014 stood at Rs 376 billion as against Rs 353 billion as on December 31, 2013. The Deposits of the Bank stood at the level of Rs 333 billion, while the Advances and Investments stood at Rs 163 billion and Rs 142 billion, respectively.-PR
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