BoP recovers Rs 4.5 billion debts in two years

Bank of Punjab (BoP) is well on the path of progress and prosperity; not only bank assets have been reached to Rs 325 billion but bank has also recovered debts of Rs 4.5 billion in the shortest period of two years. The Bank of Punjab is rapidly gaining the status of a top bank and it is planning to open branches in the regional countries, this was stated in a six-month report presented to Punjab Chief Minister Shahbaz Sharif, sources said here on Tuesday.
The bank has become profitable organisation and a sufficient raise in its assets has been recorded in recent years. According to report, in the last two years, the bank has registered a phenomenal growth in its deposits, which reflects the trust of its clients in the bank. This has been made possible due to new management's determination to ensure good corporate governance, no political interference, high professional management, restructuring, improved service standards and zero tolerance against corruption.