The Bank of Punjab (BoP) held its Annual General Meeting on April 30, which was attended by the bank's directors, management and a large number of shareholders. The meeting approved the bank's financial results for the year ended December 31, 2012, said the BoP's spokesperson on Friday.
The bank's profit after tax increased to Rs 1.6 billion against Rs 0.35 billion earned in the previous year. BoP's income per share also increased to Rs 3.09 from last year's Rs 0.66. Similarly, the bank's deposits and loans increased by 12 percent and 18 percent, amounting to Rs 266.0 billion and Rs 149.6 billion respectively. The shareholders reposed their confidence in the leadership skills and professional capabilities of BoP President Naeemuddin Khan. Speaking on the occasion, Naeemuddin Khan thanked the stakeholders for placing their trust in BoP and said that the bank had successfully met all challenges and now it stood in the same row as other profitable financial institutions and banks of the country.