The profit after tax of the Bank of Punjab has increased to Rs 1.561 billion in the quarter ended March 31, 2017 as compared to Rs 1.457 billion earned in the corresponding period in 2016. The board of directors of the bank in its meeting declared that the bank's earning per share has increased to Rs 1 in the period under review against Rs 0.94 in the same period last year.

According to the financial results, the bank's mark-up/return/interest earning increased to Rs 7.641 billion in this quarter against Rs 7.066 billion in the same quarter last year while mark-up/return/interest expenses decreased to Rs 4.364 billion against Rs 4.414 billion. The bank's total non-mark-up/interest income decreased to Rs 924.523 million in this quarter against Rs 1,587.029 million in the same quarter last year while total non-mark-up/interest expenses increased to Rs 2.253 billion against Rs 1.587 billion.

Copyright Business Recorder, 2017