Bank of Punjab Upgraded to AAA by PACRA — Pakistan’s First Provincial Bank to Secure Top Rating

Bank of Punjab announced that Pakistan Credit Rating Agency (PACRA) has upgraded the bank’s long-term rating from AA to AAA, maintained the short-term rating at +A1, and assigned a stable outlook. The announcement, issued in Lahore, highlights improved deposit growth, profitability and risk management as drivers of the upgrade.

The bank’s CEO Zafar Masood thanked the Government of Punjab (the majority shareholder) and stakeholders. The notice also reiterates the bank’s role in digital lending and financing for SMEs, agriculture, women’s financial inclusion and low-cost housing, and its participation in provincial programs such as the Kisan Card and other business facilitation initiatives.