The Bank of Punjab (BOP) has been upgraded to a long-term entity rating of AAA from AA+ by The Pakistan Credit Rating Agency (PACRA), with the short-term rating held at A1+ and a Stable Outlook. BOP becomes the first and only provincial bank in Pakistan to achieve the nation’s highest credit rating, a milestone built on a stronger deposit franchise, rising profitability and disciplined risk management. The numbers tell the story. In 2025, BOP’s deposits crossed PKR 2 trillion, while operating profit before credit loss allowance nearly doubled, rising 98.5% to PKR 40.7 billion. The driver: a sharply improved deposit mix and a substantially lower cost of funds, translating into stronger core earnings, tighter costs and prudent risk stewardship. “AAA is more than a rating, it is proof of what disciplined, professional banking can build,” said Mr. Zafar Masud, President & CEO of The Bank of Punjab. “We have created a commercially strong institution that delivers sustainable value for shareholders while staying true to financial inclusion, responsible banking and the development of Punjab and Pakistan.” BOP is Pakistan’s leading digital lender and a frontrunner in priority-sector finance, SME, agriculture, women’s financial inclusion and housing.
In a first, PACRA upgrades BOP to AAA
Published on: July 2, 2026 2:10 AM