AUGAF
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
PSX
Currencies
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
AUGAF
No Result
View All Result
Home Business

Bank of Punjab likely to maintain its Dividend Payout

admin-augaf by admin-augaf
September 17, 2021
in Business
Reading Time: 2 mins read
0
Bank of Punjab likely to maintain its Dividend Payout

Bank of Punjab likely to maintain its Dividend Payout

Share on FacebookShare on TwitterWhatsapp

Lahore September 17 2021: Bank of Punjab is likely to maintain its dividend in the ongoing fiscal year as Government of Punjab has estimated dividend receipt of PKR 1.5 bn equivalent to PKR 1.0 per share, as per budget documents available with Augaf.

During the previous year the bank has declared dividend of PKR 1 per share which was in line with the estimates made by the Government of Punjab.


A L S O || R E A D

TRG is set to become more valuable than LUCK after IBEX result announcement


During 1st half of year 2021, Bank’s Net Interest Margin (NIM) improved to PKR 13.88 billion as against PKR 11.55 billion during 1st half 2020 registering a growth of 20%. Similarly, Non-Markup/ Interest Income, excluding Gain on Securities, increased to PKR. 2.77 billion as against PKR 2.13 billion during 1st half 2020 showing significant increase of 30%. During 1st half of the year, the Bank posted after tax profit of PKR 5.60 billion as against PKR 3.65 billion earned during 1st half of year 2020 with a growth of 53%. Earnings per Share (EPS) for the 1st half of year 2021 also improved to PKR 2.12 per share as against PKR 1.38 per share for 1st half of year 2020.

Bank’s Total Assets as at June 30, 2021 improved to PKR 1,167.36 billion as against PKR 1,095.45 billion as of December 31, 2020. The Deposits of the Bank improved to PKR 925.66 billion as against PKR 835.07 billion registering a growth of 11%. Investments improved to PKR 584.99 billion as against PKR 567.79 billion as on December 31, 2020 . Similarly, Gross Advances improved to PKR. 486.48 billion as against PKR 442.76 billion as on December 31, 2020 registering a growth of 10%. Equity improved to PKR. 52.47 billion and Capital Adequacy

Ratio (CAR) stood at 15.09% against regulatory requirement of 11.50%.

During 1st half of year 2021, Pakistan Credit Rating Agency (PACRA) upgraded Bank’s long term entity rating to “AA+” with short term rating being already at the highest rank of “A1+”. The Bank currently has a network of 640 online branches, including 105 Taqwa Islamic Banking Branches and 18 sub-branches. Further, the Bank has a network of 634 ATMs providing 24/7 banking services to the customers.

admin-augaf

admin-augaf

Related Posts

Al Rajhi Raises Over $1.3 Billion Selling Off Mortgage Assets
Business

Al Rajhi Raises Over $1.3 Billion Selling Off Mortgage Assets

March 19, 2023
SBP Ensures Timely Processing of FX Payments for Oil and Gas Imports
Business

Pakistan Oil Imports Declined 8.2% In First Eight Months Of Fiscal Year 2023

March 19, 2023
UBS Offers Up to $1 Billion For Credit Suisse In Race To Save Bank – FT
Business

UBS Agrees To Buy Credit Suisse For More Than $2 Billion – FT

March 19, 2023

Recent News

Al Rajhi Raises Over $1.3 Billion Selling Off Mortgage Assets

Al Rajhi Raises Over $1.3 Billion Selling Off Mortgage Assets

March 19, 2023
SBP Ensures Timely Processing of FX Payments for Oil and Gas Imports

Pakistan Oil Imports Declined 8.2% In First Eight Months Of Fiscal Year 2023

March 19, 2023
UBS Offers Up to $1 Billion For Credit Suisse In Race To Save Bank – FT

UBS Agrees To Buy Credit Suisse For More Than $2 Billion – FT

March 19, 2023
Pakistan Announced Petroleum Subsidy of 50 Rupees For Low Income People

Pakistan Announced Petroleum Subsidy of 50 Rupees For Low Income People

March 19, 2023
Iran Proposes Three Locations For Meeting With Saudis – Foreign Minister

Iran Proposes Three Locations For Meeting With Saudis – Foreign Minister

March 19, 2023

Popular News

  • Central Directorate of National Savings

    President Prohibit National Savings For Changing Rates on Existing Certificates Retrospectively

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Appreciate against Dollar in Interbank as IMF Confirmed Board Review Date

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall After 13 Days of Successive Gains against Dollar on Lower Remittances and Strengthening of US Dollar

    0 shares
    Share 0 Tweet 0
  • Pakistan Central Bank Issued Show Cause Notice to Eight Banks Over Currency Speculation

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall for the Straight Second Day Against Dollar on Opening of LCs

    0 shares
    Share 0 Tweet 0

Categories

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology
AUGAF Logo

Follow us on social media:

Recent News

  • Al Rajhi Raises Over $1.3 Billion Selling Off Mortgage Assets
  • Pakistan Oil Imports Declined 8.2% In First Eight Months Of Fiscal Year 2023
  • UBS Agrees To Buy Credit Suisse For More Than $2 Billion – FT

Category

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology

Recent News

Al Rajhi Raises Over $1.3 Billion Selling Off Mortgage Assets

Al Rajhi Raises Over $1.3 Billion Selling Off Mortgage Assets

March 19, 2023
SBP Ensures Timely Processing of FX Payments for Oil and Gas Imports

Pakistan Oil Imports Declined 8.2% In First Eight Months Of Fiscal Year 2023

March 19, 2023
  • Home
  • Politics
  • News
  • Business
  • National
  • Finance
  • Technology
  • International

© 2021 AUGAF.

No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • Commodities
  • Contact

© 2021 AUGAF.