The Bank of Punjab (BOP) has achieved the highest long-term credit rating of AAA from the Pakistan Credit Rating Agency (PACRA), an upgrade from its previous AA+ rating. The short-term rating remains A1+ with a Stable Outlook, making BOP the first provincial bank in Pakistan to secure the country's top credit rating.
Strong Financial Performance Drives Upgrade
The upgrade reflects BOP's stronger financial position, supported by sustained deposit growth, improved profitability, and prudent risk management. Customer deposits exceeded Rs2 trillion in 2025, while operating profit before credit loss allowance surged by 98.5% to Rs40.7 billion. This improvement was driven by a healthier deposit mix, reduced funding costs, and stronger core banking performance.
Recognition of Disciplined Management
BOP President and CEO Zafar Masud described the AAA rating as a recognition of the bank's disciplined management and long-term strategy, highlighting its commitment to sustainable growth, responsible banking, and financial inclusion. The bank continues to play a key role in financing small and medium-sized enterprises, agriculture, housing, and women-led businesses.
Support for Government Initiatives
BOP has supported several Punjab government initiatives, including Asaan Karobar, Kissan Card, Livestock Card, and Apni Chat Apna Ghar, aimed at expanding access to formal financial services. The bank expressed gratitude to the Government of Punjab, its board, regulators, customers, shareholders, and employees for their continued support, reaffirming its commitment to digital innovation, responsible growth, and creating long-term value for stakeholders.
