Bank of Punjab becomes profitable organizationJuly 21, 2014
Lahore: The Bank of Punjab is well on the path of progress and prosperity. Not only bank assets have been reached to Rs. 325 billion but bank has also recovered debts of Rs.4.5 billion in the shortest period of two years. The Bank of Punjab is rapidly gaining the status of top bank and planning open branches in the regional countries.
According to a 6-month report presented to the Chief Minister Punjab Mian Shahbaz Sharif, the Bank of Punjab has become profitable organization and a sufficient raise in its assets has been recorded in recent years.
According to report, Bank of Punjab has asked State Bank of Pakistan allow fees for Directors of the bank and optimistically, announcement would be made in the finance results to be announced in August 2014. The Board of Directors of the Bank of Punjab has already favoured the proposal.
Report revealed that in last two years the bank has registered a phenomenal growth in its deposits, which reflects the trust of its clients in the bank. This has been made possible due to new management’s determination to ensure good corporate governance, no political interference, high professional management, restructuring, improved service standards and zero tolerance against corruption.