Bank of Punjab posted record Q1 2026 results with 155% profit growth, rising deposits, stronger earnings, and continued momentum through expansion and digital innovation initiatives.
Webdesk – MediaBites News
Lahore: The Bank of Punjab has announced another record-breaking quarterly performance for the first quarter of 2026, reporting a 155% year-on-year increase in profit before tax to Rs 10.2 billion.
According to the bank, the strong results were driven by higher core earnings, strategic business expansion, and continued investment in digital innovation. The Board of Directors approved the unaudited financial statements for the period ended March 31, 2026.
Net Interest Income rose 47% year-on-year to Rs22.1 billion, while fee-based income posted 69% growth. Operating profit also increased 98% through organic growth, reflecting improved efficiency and stronger business execution.
The bank’s balance sheet remained solid, with total assets reaching Rs2,599 billion and deposits standing at Rs1,932 billion. Current deposits grew 26%, while the Capital Adequacy Ratio stood at 13.37%, providing room for future expansion.
Gross advances were reported at Rs927 billion, while investments and lending to financial institutions totaled Rs1,429 billion in bonds and equities.
BOP said it continues to strengthen its position as a key financial partner of the Government of Punjab by supporting welfare initiatives and development programs. The bank added that its focus on digital banking, customer-centric services, and financial inclusion is helping capture new opportunities in underserved markets.
The Bank of Punjab said it remains confident of sustaining growth momentum through its strong capital base, diversified income streams, and improving operational efficiency.
