Bank of Punjab reports 22% higher nine-month profit after tax for 2026
The Bank of Punjab's board approved unaudited results for the nine months ended September 30, 2026. Profit after tax rose 22% to Rs. 14.53 billion, and operating profit rose 34%.
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- Profit after tax rose 22% to Rs. 14.53 billion
- Operating profit before provisions and gains rose 34% to Rs. 34.42 billion
- Gross advances grew 28% year-on-year to Rs. 1,073 billion
- The bank received Rs. 15.6 billion in equity from the Government of Punjab
The Board of Directors of The Bank of Punjab (BOP) met on October 26, 2026, and reviewed and approved the bank's unaudited financial results for the nine months ended September 30, 2026.
According to the results, operating profit before provisions and gains climbed to Rs. 34.42 billion, a 34% increase from a year earlier. Net interest income reached Rs. 69.40 billion, up 19%, while non-markup income excluding gains rose 47% to Rs. 18.04 billion.
Profit before tax rose 15% year-on-year to Rs. 30.46 billion, and profit after tax increased 22% to Rs. 14.53 billion. The bank said its cost-to-income ratio, excluding gains, improved by 3.03%.
On the business side, gross advances grew 28% year-on-year. Current deposits rose 16% year-on-year, and average current deposits increased 25% over the same period last year. Total assets stood at Rs. 2,456 billion, deposits at Rs. 1,928 billion and gross advances at Rs. 1,073 billion.
The bank received Rs. 15.6 billion from the Government of Punjab under equity injection arrangements during the period. As of September 30, 2026, its Capital Adequacy Ratio was 13.94% and its Leverage Ratio was 4.07%, both above the requirements set by the State Bank of Pakistan. It also said it fully complied with IFRS 9 provisioning requirements.
The bank noted that PACRA upgraded its long-term credit rating to the highest AAA category with a Stable Outlook. The State Bank of Pakistan has also given in-principle approval for an Overseas Wholesale Banking Unit in Bahrain.
BOP also won three awards at the Pakistan Banking Awards 2026, for Agriculture Inclusion, SME Banking and Women's Inclusion. The bank said it plans to use technology and digital innovation to improve customer service.
Why it matters
Bank of Punjab is a large bank with a close relationship with the Government of Punjab, and its results show how it is performing for account holders and borrowers. The reported AAA rating and capital ratios above State Bank requirements are relevant to its customers.
