Bank of Punjab has announced its unaudited financial results for the first half of 2026.
The results cover the six-month period ending June 30, 2026. According to the bank, BOP recorded strong year-on-year growth across several key financial indicators.
The Board of Directors reviewed and approved the results.
The board also announced a 16% interim cash dividend for shareholders. The bank described it as its highest-ever interim cash dividend.
BOP Operating Profit Rises 67%
Operating profit before provisions and gains reached Rs. 22.5 billion during the first half.
This represented year-on-year growth of 67%.
Net interest income increased by 29% to Rs. 46.1 billion. Non-markup income, excluding gains, climbed 61% to Rs. 11.9 billion.
The bank attributed the performance to asset-liability management and stronger fee-based income. Diversification of revenue streams also contributed to the improvement.
Profit before tax increased 35% year-on-year to Rs. 20.5 billion. Profit after tax rose 40% to Rs. 9.5 billion.
Cost management also supported the bank’s financial performance. Its cost-to-income ratio improved by 2.40 percentage points compared with the first half of 2025.
Deposits and Advances Record Growth
BOP reported total assets of Rs. 2.504 trillion during the period. Total deposits reached Rs. 2.154 trillion.
Current deposits increased by 20% compared with the same period last year. Average current deposits recorded year-on-year growth of 26%.
Gross advances increased by 28% to Rs. 996 billion. The lending portfolio also included financing for priority sectors of Pakistan’s economy.
BOP Maintains Regulatory Capital Position
The bank reported a Capital Adequacy Ratio of 13.69%. Its leverage ratio stood at 3.65%.
According to the bank, both remained above requirements prescribed by the State Bank of Pakistan. The bank also said it remained compliant with IFRS 9 provisioning requirements.
PACRA Upgrades Bank to AAA Rating
Several strategic developments were also reported during 2026.
PACRA upgraded the bank’s long-term entity rating to AAA with a Stable Outlook. BOP also received in-principle approval from the SBP for an overseas banking unit in Bahrain.
The proposed unit would focus on wholesale banking and cross-border opportunities.
The board has also proposed an equity subscription of up to Rs. 30 billion by the Punjab government. The proposal remains subject to required shareholder and regulatory approvals.
Up to Rs. 20 billion is planned by December 31, 2026. The remaining amount is expected by June 30, 2027.
Bank Announces 16% Interim Dividend
The Board of Directors declared an interim cash dividend of 16% following the half-year performance.
The bank said the payout reflects its earnings performance and focus on shareholder value. Looking ahead, management expects to maintain its growth strategy during the remainder of 2026.
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The bank plans to continue focusing on digital transformation, financial inclusion and priority-sector financing.
