A meeting of the Board of Directors of the Bank of Punjab was held on April 29 in which the quarterly accounts of the bank for the period ended March 31 were considered and approved by the Board.
According to a bank's spokesman here on Tuesday, during the quarter, the Bank maintained its pace of excellent performance and earned a pre-tax profit of Rs 822 million as against Rs 565 million of the corresponding period of the year 2005.
After-tax profit was Rs 585 million as against comparative figure of Rs 364 million for the corresponding period of last year reflecting an increase of 61 percent.
Moreover, the EPS for the current quarter stands at Rs 2.04 as against Rs 1.27 for the quarter ended March 31.
At the end of the quarter, deposits of the bank rose to a level of Rs 90,089 million and advances of the bank grew by 12 percent to Rs 71,385 million over December 31, 2005. Equity of the Bank increased to Rs 7,362 million as against Rs 6,777 million as on December 31, 2005.