Bank of Punjab Pakistan

Topics: Loan, Agriculture, Finance Pages: 10 (2255 words) Published: October 28, 2008
Vision Statement

To be customer focused bank with service excellence.

Mission Statement
To exceed the expectations of our stakeholders by leveraging our relationship with the Government of Punjab and delivering a complete range of professional solutions with a focus on programme driven products & services in the Agriculture and Middle Tier Markets through a motivated team.

Core Values
Our customers: as our first priority.
Profitability: for the prosperity of our stakeholders that allows us to constantly invest, improve and succeed. Corporate Social Responsibility: to enrich the lives of community where we operate. Recognition and reward: for the talented and high performing employees. Excellence: in every thing we do.

Integrity: in all our dealings.
Respect: for our customers and each other.

A Brief about the bank
The bank of Punjab was established in pursuance of The Bank of Punjab Act, 1989 and was given status of scheduled bank by the State Bank of Pakistan on September 19, 1994. The bank is listed on Lahore, Karachi & Islamabad Stock Exchange. The majority shares of the bank are held by the Government of the province of the Punjab. The bank has fully owned subsidiary M/s Punjab Modarba Service (Pvt.) Ltd, which is profitably managing a modarba company. Recognizing the role of technology in effective/efficient operation of financial sector, the bank has computerized all its branches which are inter-connected with online real time system. Bank’s customers are facilitated by shared network of online ATMs in all major cities of Pakistan. Bank Enjoys Substantial share in economic growth, especially of agricultural and SME sectors. Penetration into Agri-economic was made possible through strategic positioning of branches and introduction of a number of Agri-based financing schemes allowing the bank to play a pivitol role strengthening this sector of our economy. The performance of the bank remained satisfactory during the 1st quarter of the year. The bank earned a pre-tax profit of Rs.822 million during the quarter as compared to Rs.565 million for the similar period last year indicating 46% growth. Profit after tax of Rs.585 million is 61% higher than the figure of last year's corresponding period. Despite accounting for the dilution impact of about 58% bonus issue made by the bank for the year 2005, earning per share for the 1st quarter comes to Rs.2.04. Bank's deposits rose to a level of Rs. 90,089 million at the end of the quarter. Advances portfolio of the bank has increased to Rs.71,385 million showing 12% increase over December 31, 2005. The capital and reserves of the bank have now grown up to Rs.7,362 million with a rise of 9% over the level as of December 31, 2005. The Bank of Punjab is working as a scheduled commercial bank with its network of 266 branches at all major business centres in the country. The Bank provides all types of banking services such as Deposit in Local Currency, Client Deposit in Foreign Currency, Remittances, Advances to Business, Trade, Industry and Agriculture. The Bank of Punjab has indeed entered a new era of science to the nation under experience and professional hands of its management. The Bank of Punjab plays a vital role in the national economy through mobilization of hitherto untapped local resources, promoting savings and providing funds for investments. Attractive rates of profit on all types of deposits, opening of Foreign Currency Accounts and handling of Foreign Exchange business such as Imports, Exports and Remittances, Financing, Trade and Industry for working capital requirements and money market operations are some facilities being provided by the Bank. The lending policy of Bank is not only cautious and constructive but also based on principles of prudent lending with maximum emphasis on security.

Regional Network

Total braches 43

Total braches 45

Karachi / Quetta
Total braches 05

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