The Bank of Punjab

Article excerpt

The Bank of Punjab, established under The Bank of Punjab Act, 1989, was given status of scheduled bank on September 19, 1994. The Bank is listed on Lahore, Karachi & Islamabad Stock Exchanges. The Government of Punjab is the major shareholder. The Bank has fully owned subsidiary M/s Punjab Modaraba Services (Pvt.) Ltd, which is profitably managing a modaraba company.

Since its incorporation the Bank has grown manifold showing remarkable growth in all aspects. Especially, after the current management took over the affairs of the bank in 2003 there has been tremendous growth in all its facets of operations as a result of application of prudent and pragmatic policies with futuristic approach. Owing to its significant performance, profitability, financial standing and market penetration the Bank has attained reputation of a responsible corporate citizen playing a pivotal role in economic and social development of the country.

Currently, the Bank of Punjab is regarded as one of the most profitable banks of the country both in absolute & real terms. …