Bank of Punjab

Bank of Punjab

File:BOP Punjab.jpg
Type	Public
Industry	Banking, insurance
Founded	1989 Lahore, Pakistan
Headquarters	Lahore, Pakistan
Key people	Naeemuddin Khan, President Khalid Timizey, Deputy CEO Moghis Bokhari, Head HR Shahid W. Mahmood, Group Head Retail Banking Abdul Razaq, Chief Risk Officer Salman Kabani, Head-Enterprise Risk Management Mustafa Hamdani, Head Transactional Banking Javed Iqbal, CIO
Products	Financial services
Revenue	PKR 17,752 Million (2009)
Net income	PKR 6,616 Million (2009)
Number of employees	6,092
Website	www.bop.com.pk

The Bank of Punjab is a Pakistani bank headquartered at BOP Tower, Main Bouleveard, Gulberg, Lahore in Pakistan. It serves Pakistan and functions as an international bank and is one of the prominent financial institutions of the country holding AA ratings from PACRA.

History

The bank was established in 1989, pursuant to The Bank of Punjab Act 1989, and was given the status of a retail bank in 1994.

Overview

The Bank of Punjab was founded by Tajammal Hussain and it functions as a scheduled commercial bank, with a network of 344 branches in major business centres throughout the country. It is the seventh largest commercial bank of the Country. It provides a wide range of banking services including deposit in local currency; client deposit in foreign currency; remittances; and advances to business, trade, industry and agriculture. First Punjab Modaraba (FPM), a wholly owned subsidiary of the bank, was established in 1992, and is being managed by Punjab Modaraba Services (Pvt) Ltd.

References

• The Nation, August 28, 2006: The Bank of Punjab
• Daily Times, November 11, 2003: Bank of Punjab introduces e-banking
• The Bank of Punjab Official website
• The Bank of Punjab Annual Report 2013

External links

• Bank of Punjab website