A meeting of the Board of Directors of The Bank of Punjab was held recently. During the meeting, un-audited Financial Statements of the Bank for the quarter ended March 31, 2015 were approved by the Board.
During 1st quarter of the year 2015, The Bank of Punjab earned highest ever quarterly before tax profit of Rs 2.0 billion as against Rs 0.7 billion for the 1st quarter of year 2014 thereby registering a phenomenal rise of 186 percent. Similarly, the earning per share (EPS) for the quarter ended March 31, 2015 showed remarkable surge and touched the level Rs 0.84.
During the 1st quarter of the year 2015, Net Interest Margin (NIM) of the Bank improved significantly to Rs 2.5 billion as against Rs 1.0 billion during corresponding period of last year thereby registering a commendable growth of 150 percent. The Bank's Non-Mark-up/ Interest Income for 1st quarter of year 2015 also touched the level of Rs 1.9 billion as against Rs 0.8 billion during corresponding period of last year, showing a remarkable growth of 138 percent.
Bank's Total Assets as on March 31, 2015 stood at Rs 425 billion as against Rs 420 billion as on December 31, 2014. The Deposits of the Bank stood at the level of Rs 330 billion, while the Advances and Investments remained at Rs 178 billion and Rs 180 billion, respectively.-PR
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