The profit after tax of Bank of Punjab (BoP) has increased to Rs 4.858 billion in the year ended December 31, 2016 as compared to Rs 4.748 billion earned in the corresponding period in 2015. The Bank's earning per share (basic and diluted) increased to Rs 3.12 in this period against Rs 3.05 in the same period a year back.
The board of directors of the bank in its meeting held on Wednesday at Lahore recommended to issue 70 percent right shares at a premium of Rs 2.00 per share in the proportion of 70 shares for every 100 shares. According to the financial results, sent to Pakistan Stock Exchange on Thursday the bank's mark-up/return/interest earning stood at Rs 29.674 billion in 2016 against Rs 31.266 billion in 2015 while mark-up/return/interest expenses reduced to Rs 17.430 billion against Rs 20.198 billion.
The bank's total non-mark-up/interest income stood at Rs 5.294 billion in 2016 against Rs 7.624 billion in 2015 while total non-mark-up/interest expenses increased to Rs 8.463 billion against Rs 7.666 billion. The bank's profit before taxation increased to Rs 8.049 billion in 2016 against Rs 7.529 billion earned in 2015.