Assets of the Bank of Punjab touched Rs 425 billion on March 31 as the bank has branched out to 182 cities with 364 branches, claimed a bank spokesman on Thursday. He claimed that the number of Islamic banking branches had reached 37. "The bank deposits were recorded at Rs 330 billion against loans and investments recorded at Rs 178 billion and Rs 180 billion, respectively, on March 31."
He claimed that the bank was expanding its operations under the vision of merit and transparency set by the Punjab chief minister. "The bank has recovered billion of rupees, which has increased deposits of the bank besides improving its credit. Today, the Bank of Punjab is amongst the top banks of Pakistan," he claimed.
He went on, "The bank has earned highest profit of Rs 2 billion during January-March this year - 186 percent higher than the corresponding period. Similarly, the dividend per share of bank was recorded at 84-paisa. The net interest margin of the bank remained Rs 2.5 billion during the same period against Rs 1 billion for the corresponding period. It is 150 percent increase in total. The non-interest income of the bank stood at Rs 1.9 billion during January-March 2015 against Rs 0.8 billion during the corresponding period - an increase of 138 percent."
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