Pakistan, Feb. 17 -- A meeting of the Board of Directors of The Bank of Punjab (BOP) was held on 17th February 2025 to review and approve the Annual Audited Financial Statements for the year ended December 31, 2024.

Despite facing challenges on both the revenue and expenditure sides, including the implementation of IFRS-9, the debt restructuring of a large state-owned entity, a difficult interest rate environment, the MDR anomaly, and significant investments in technology and infrastructure, the Bank posted a pre-tax profit of Rs. 24.56 billion for the year 2024. The Board also declared a cash dividend of Rs. 1.8 per share, marking a historic milestone with the highest-ever profit and the largest cash dividend payout in the bank's 35-yea...