Bank of Punjab’s gross spread ratio of 17 percent posted in CY13 is too poor when compared to the industry average of around 38 percent. However, compared to the same metric last year (CY12: 9 percent), the bank has shown phenomenal improvement. This shows that while BOP lingers behind its counterparts in terms of key indicators, the bank is leaving no stone unturned to perk up its performance.
By now, everyone and their pets have figured out the undisclosed source of the $1.5 billion injection to the treasury. But so far, there has been no official word from Finance Minister Ishaq Dar or his team.
With numerous twists and turns in the macroeconomic outlook, CY13 wasn an easy year for the banking sector. The cumulative performance of the five leading banks of the industry (MCB, HBL, NBP, UBL and ABL) speaks volume of that observation.