BOP 9MCY26 profit shoots 23%

October 26, 2026 (MLN): The Bank of Punjab (PSX: BOP) reported a 23% increase in its consolidated net profit for the nine months ended September 30, 2026 (9MCY26), reaching Rs14.26bn compared to Rs11.60bn in the corresponding period last year.

Reflecting this solid bottom-line growth, basic and diluted earnings per share (EPS) for the nine-month period expanded to Rs4.37, up from Rs3.52 in 9MCY25.

For the third quarter (Q3CY26) alone, net profit stood at Rs4.89bn (EPS of Rs1.51) compared to Rs5.08bn (EPS of Rs1.54) in Q3CY25.

The primary catalyst driving the nine-month performance was a 19% expansion in net mark-up income alongside a 9% growth in non-mark-up income.

Gross mark-up/return earned totaled Rs195.97bn (compared to Rs202.13bn in 9MCY25). However, an effective 12% drop in mark-up expensed to Rs126.50bn (down from Rs143.65bn) widened net mark-up income to Rs69.48bn from Rs58.48bn.

On the non-mark-up income front, fee and commission income rose 40% to Rs14bn (up from Rs9.98bn) and foreign exchange income surged 118% to Rs3.55bn (up from Rs1.63bn).

These strong gains comfortably absorbed losses on securities of Rs531.13m (compared to a gain of Rs3.61bn) and net derecognition losses of Rs1.10bn. Total non-markup income reached Rs16.55bn, lifting total income up 17% to Rs86.02bn.

On the operational side, operating expenses expanded 19% to Rs52.80bn, bringing total non-markup expenses to Rs53.51bn. Profit before credit loss allowance rose 15% to Rs32.51bn.

Credit loss allowances and write-offs stood at Rs2.32bn, pushing profit before taxation up 16% to Rs30.20bn.

The bank absorbed a corporate taxation charge of Rs15.94bn for the period (up 10% from Rs14.46bn in 9MCY25). Backed by wider interest margins, soaring fee revenue, and strong foreign exchange income, The Bank of Punjab securely closed the nine-month period with its net profit reaching Rs14.26bn.

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