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LAHORE, June 23: The Bank of Punjab (BoP) has been assigned long-term rating of “A” (single A) and short-term rating of “A1” (single A one) by the Pakistan Credit Rating Agency (Pacra).
A BoP announcement said on Monday the ratings denoted a low expectation of credit risk emanating from a strong capacity for timely payment of financial commitments.
The ratings also reflect its sustained performance indicators solely attributable to higher dividend income and capital gains and potential benefits arising from appreciation in the value of investment in government securities.
The ratings also recognize improvement in the risk profile of the loan portfolio.
