Bank of Punjab

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Bank of Punjab
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)[1]
DecreasePKR 6,616 Million (2009)[1]
Number of employees
6,092 [2]
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[edit]

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.[citation needed]

Overview[edit]

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.[citation needed]

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