Annual Report 2013 of The Bank Of Punjab

It is a broadly described annual report of The Bank Of Punjab in the year of 2013. During the financial year, The Bank’s Total Assets increased to Rs. 352,698 million as against Rs. 332,111 million as at close of the last year, thereby depicting a rise of 6%. Deposits of the Bank level of Rs. 306,561 million as against Rs. 266,056 million as of 31^st December 2012. Similarly, low-cost CASA Deposits registered a rise of 23% during the year. The share capital of the Bank was Rs. 10,551,132 million. During the year, Profit before tax of the Bank was Rs. 3,001,282 million. Profit after taxation for the year 2013 was Rs. 1,938,007 million. After-tax Basic and diluted earnings per share (EPS) for the year 2013 was Rs. 2.36.

The Bank has issued 526,315,789 right shares for Rs. 5,000,000 thousand (99.53%) at a discount of Rs. 0.5/- per share and in the Board of Directors of the Bank has declared a further right issue of Rs. 5,000,000 thousand (47.39%) at par value, the process of which will closed subsequent to the year-end.

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