Bank of Punjab
PPSX:BOP27.40
PKR
-0.52
(-1.86%)
ISIN
PK0045001010
Return %
Stock
S&P 500
1Y
-30.12
14.39
3Y
557.07
81.42
5Y
289.29
68.62
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Zafar Masud
- Full Time Employees
- 15,206
- Sector
- Finance
- Industry
- Major banks
- Address
- Lahore Pakistan
- IPO Date
- Jul 17, 1991
- Website
- bop.com.pk
- Similar Companies
- Business
- The Bank of Punjab (PSX: BOP) is a Pakistan-based commercial banking institution engaged in providing a comprehensive suite of conventional banking, Islamic banking, treasury, and financial services to retail, corporate, commercial, small and medium enterprise (SME), and agricultural clients. Founded in 1989 and headquartered in Lahore, Pakistan, the bank operates across an extensive nationwide network of brick-and-mortar branches, Islamic banking branches, and automated teller machines throughout Pakistan. The Government of the Punjab is the majority shareholder, holding approximately 57.5 percent of the bank's total share capital. The bank organizes its core operations into several business segments, including Retail Banking, Corporate and Investment Banking, Islamic Banking, SME and Agriculture Banking, and Treasury and Financial Markets. Its systematic portfolio of products and services includes deposit accounts, such as current accounts, savings schemes, fixed-term deposits, and foreign currency accounts; consumer credit facilities, such as residential mortgage financing, personal loans, and auto loans; payment cards, including conventional and Islamic debit cards and credit cards; corporate finance solutions, such as working capital lines, structured project finance, syndicated debt, trade finance facilities, letters of credit, and bank guarantees; Shariah-compliant banking services offered through BOP Taqwa Islamic Banking, including Murabaha, Ijarah, Diminishing Musharakah, and Istisna contracts; specialized SME and micro-financing solutions, such as BOP SME Digital Finance and Asaan Karobar programs; agricultural financing for crop production, farm mechanization, and warehouse receipts; treasury and capital market operations, including government debt securities dealing, foreign exchange trading, interbank money market transactions, and corporate risk advisory; and digital banking services via the digiBOP mobile application and internet banking platforms. The bank's subsidiaries include BOP Exchange (Private) Limited, which conducts foreign exchange and inward remittance operations, and Punjab Modaraba Services (Private) Limited, which manages the First Punjab Modaraba. In recent corporate developments, The Bank of Punjab has advanced its digital transformation agenda and expanded its specialized business lines. The bank operationalized and further capitalized its wholly-owned currency and remittance subsidiary, BOP Exchange (Private) Limited, with an additional capital injection of one billion Pakistani rupees. In addition, the bank expanded its strategic partnership with Mastercard to roll out specialized commercial payment products, including Mastercard BusinessCards for SMEs and foreign currency debit cards for freelancers. The institution also launched a dedicated digital business loan solution to streamline small commercial credit distribution, entered a collaboration with Google Cloud and Tech Valley to drive enterprise digital enablement, and entered into exploratory partnerships to evaluate blockchain-enabled cross-border remittance mechanisms.