Bank of Punjab Reports Strong Half-Year Performance, Declares 16% Cash Dividend
The Bank of Punjab (BOP) has announced its financial results for the half year ended June 30, 2026, along with an interim cash dividend of Rs1.60 per share, equivalent to 16%. The announcement followed a meeting of the bank’s Board of Directors held on August 28, 2026.
According to the bank’s unconsolidated financial statements, profit after taxation stood at Rs9.53 billion for the six-month period ended June 30, 2026, compared with Rs6.80 billion in the same period of 2025. This represents a substantial year-on-year improvement in profitability. Basic and diluted earnings per share also increased to Rs2.91, from Rs2.08 a year earlier.
The bank’s net mark-up/interest income rose to approximately Rs46.05 billion during the first half of 2026, compared with Rs35.81 billion in the corresponding period last year. Total income also increased to nearly Rs55.99 billion, up from Rs45.29 billion in the same period of 2025.
Non-mark-up income contributed further to the overall performance. Fee and commission income increased to around Rs9.50 billion, compared with Rs6.31 billion a year earlier. Foreign exchange income also climbed to approximately Rs1.91 billion, compared with Rs723 million in the first half of 2025.
On a consolidated basis, including the bank’s subsidiaries, profit after taxation reached Rs9.37 billion, compared with Rs6.52 billion in the same period last year. Consolidated basic and diluted earnings per share improved to Rs2.86 from Rs1.98.
The stronger earnings performance was accompanied by an improvement in the bank’s overall financial position. The consolidated financial statements show total assets of approximately Rs2.50 trillion as of June 30, 2026, while net assets stood at around Rs104.06 billion.
Shareholders to Receive Interim Dividend
Alongside the financial results, BOP declared an interim cash dividend of Rs1.60 per share, representing a 16% payout. No bonus shares, right shares or other corporate entitlement were announced.
The dividend will be paid to shareholders whose names appear in the bank’s Register of Members on September 10, 2026. The bank has also announced that its Share Transfer Books will remain closed from September 11 to September 15, 2026, with transfers received by the close of business on September 10 being treated as eligible for the dividend.
Overall, the results point to a stronger first-half performance for the Bank of Punjab, supported by higher net interest income, improved fee and commission earnings and a significant rise in after-tax profit. The interim dividend further signals the bank’s decision to share its improved earnings with shareholders.
