The profit after tax of Bank of Punjab increased to Rs 1,167.422 million in the quarter ended September 30, 2016 as compared to Rs 918.782 million earned in the corresponding quarter in 2015. The board of directors of the bank, in its meeting declared that the bank's earning per share surged to Rs 0.75 in the period under review against Rs 0.59 in the same period last year.
According to the financial results, the bank's markup/return/interest earning stood at Rs 7.327 billion in this quarter against Rs 7.464 billion in the same quarter last year while mark-up/return/interest expenses reduced to Rs 4.371 billion against Rs 4.746 billion.
The bank's total non-mark-up/ interest income stood at Rs 735,541 million in this quarter against Rs 1,588.464 million in the same quarter last year while total non-mark-up/interest expenses increased to Rs 2.153 billion against Rs 1.925 billion. The bank's profit before taxation increased to Rs 1.795 billion in this quarter against Rs 1.425 billion in the same quarter last year. The bank's profit after for the nine month period ended September 30, 2016 increased to Rs 3.934 billion translating earning per share of Rs 2.53 as compared to PAT of Rs 3.652 billion with EPS of Rs 2.35 in the same period in 2015.
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