Pacra Upgrades Credit Rating of the Bank of Punjab to “AA”

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Here is recent healthy development in the financial structure of THE BANK OF PUNJAB. Under the administration of President Mr. Naeemuddin Khan, the bank has achieved another miles stone with PACRA endorsing it with “AA” long-term rating and “A1+” short-term highest rating. This up gradation of the bank’s ratings implies lesser instances of credit risk and frequently meeting financial commitments in time. Following are the credentials of the present management that has led to the stability that the bank and its stakeholders are embracing:

  • The non-performing loans that the current management inherited from the prior has remarkably reduced

  • Growth in advances has been predicted by the bank in which there is persistent risk profile and criteria have higher margins.

  • Engaging more customers with an increase in the deposit base which has low-cost focus is anticipated

Historically, the bank has witnessed very rough patches in terms of financial and management stability and was inherited to this management in a state of turmoil and shakiness; in fact, the bank was on the verge of bankruptcy. Fortunately, there was a turn of events owing to the endeavours and efforts of the current management under the supervision of Government of the Punjab. Currently, the human resource of the bank is adhering to the principles of transparency, merit and culture with commendable zeal and zest which have led to this progress we are witnessing today.