Karachi, Bank of Punjab informed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 17, 2023 at Lahore. The agenda of the meeting will to consider the Annual Accounts for the period ended December 31, 2022.
Further, the company has declared the closed period from February09, 2023 to February 17, 2023.
The Bank of Punjab was constituted pursuant to the Bank Act, in 1989 and it was given the status of Scheduled Bank by the State Bank of Pakistan in 1994. The Bank is engaged in the commercial banking and related services with its Head office located in Lahore. The Bank of Punjab is Public Listed Company, and the license issued to the Bank of Punjab by the State Bank of Pakistan on September 19, 1994. The Punjab Modaraba Services Private Limited is a wholly owned subsidiary of The Bank of Punjab.
The number of shares the company has introduced are 2,643,692,380. The Earnings per share is 2.63 in 2020 which was 3.12 in 2019. Their Profit after Taxation is 6,943,739,000 in 2020 which was 8,248,529,000 in 2019.