Bank of Punjab Pakistan Essay Example

allowing the bank to play a pivitol ole strengthening this sector of our economy. The performance of the bank remained satisfactory during the 1st quarter of the year.

The bank earned a pre-tax profit of Rs. 822 million during the quarter as compared to Rs. 565 million for the similar period last year indicating 46% growth. Profit after tax of Rs. 585 million is 61% higher than the figure of last year's corresponding period.

Despite accounting for the dilution impact of about 58% bonus issue made by the bank for the year 2005, earning per share for the 1st quarter comes to Rs. 2. 04. Bank's deposits rose to a level of Rs. 0,089 million at the end of the quarter.

Advances portfolio of the bank has increased to Rs. 71,385 million showing 12% increase over December 31, 2005. The capital and reserves of the bank have now grown up to Rs. 7,362 million with a rise of 9% over the level as of December 31, 2005. The Bank of Punjab is working as a scheduled commercial bank with its network of 266 branches at all major business centres in the country. The Bank provides all types of banking services such as Deposit in Local Currency, Client Deposit in Foreign Currency, Remittances, Advances to Business, Trade, Industry and Agriculture.

The Bank of Punjab has indeed entered a new era of science to the nation under experience and professional hands of its management. The Bank of Punjab plays a vital role in the national economy through mobilization of hitherto untapped local resources, promoting savings and providing funds for investments. Attractive rates of profit on all types of deposits, opening of

Foreign Currency Accounts and handling of Foreign Exchange business such as Imports, Exports and Remittances, Financing, Trade and Industry for working capital requirements and money market operations are some facilities being provided by the Bank.The lending policy of Bank is not only cautious and constructive but also based on principles of prudent lending with maximum emphasis on security. Regional Network Faisalabad Total braches 43 Gujranwala Total braches 45 Karachi / Quetta Total braches 05 Lahore Total braches 67 Multan Total braches 63 Peshawar Total braches 06 Rawalpindi Total braches 37 Total Branches in Pakistan 266 Head OfficeMain Branch, Lahore (Pakistan) 7 - Egerton Road, Lahore (Pakistan) Chief Manager Tel: (042) 9200421-33Tel: (042) 9200419,9200187 Fax: (042) 9200229Fax: (042) 9200351 Services ATM Facility On-Line BankingE-Banking Debit Card Consumer Financing Agriculture Financing Corporate Financing Commission free Remittance ZARCO Exchange Remittance Collection of Utility Lockers Facility Financial Statements for 2005 Agriculture Schemes Kissan Dost Agricultural Finance Scheme Purpose: Provision of financial facility to farmers for purchase of inputs (Seed, fertilizers, pesticides, fungicides e. t. c). Eligibility: Resident Self Cultivator having Agriculture maximum 50 acres Owner-cum tenant having minimum land 5 acres under cultivation Amount: Maximum Rs. 500,000/- according to per acre limit of the crop.

Security: Liquid security in the shape Bank's Fixed Deposited Receipts/DSC/NSC or Regular Income Certificates. One personal guarantee of reputable person. ACO along with Regional Chief can waive this condition if they deem the borrower to be very credit worthy. Two written satisfactory market checking reports must be obtained before disbursement.

Margin on Security: 50% Margin on Agri land or Urban property. 25% margin on liquid security. Insurance: The borrower will have to arrange life assurance under

the Bank 's charge. Mark-up: 9% per annum. Repayment: Once in a year along with mark up.

Kissan Dost Tractor Finance Scheme Purpose: Provision of financial facility to the farmers and non farmers (those who provide tractors to farmers on rental basis for various tractor related operations), for purchase of Tractor on Lease Finance Basis. Eligibility: Resident Self Cultivator having Agriculture Land minimum 5 acres and maximum 50 acres OR Persons providing their tractors to farmers on rental basis for their various Agriculture and Farming activities. The persons who are related with the business of providing services for tractor related farming practices to the farmers on rental Basis.Amount: Maximum Rs. 500,000/-. Equity: 10% to 20% of the cost of Tractor will be paid by the borrower on case to case basis. Kissan Dost Aabiari Scheme Purpose: Provision of financial facility to the farmers for purchase of Tube well. Eligibility: Resident Self Cultivator having Agriculture Land minimum 5 acres and maximum 50 acres. Amount: Maximum Rs. 500,000/-. Equity: 20% of the cost of project will be paid by the borrower. Kissan Dost Mechanization Support Scheme Purpose: Provision of financial facility to the farmers for purchase of Agricultural Implements e. g. Trolley, thresher, plough, richer etc.

Eligibility: Resident Self Cultivator having Agriculture Land measuring 5 acres to maximum 50 acres. Amount: Maximum Rs. 500,000/-. Equity: 20% of the cost of machinery, tool and implements.

Security: Lease Assets/implements (The vendor will issue receipt in the name of Bank) One personal guarantee of reputable person. ACO along with Regional Chief can waive this condition if they deem the borrower to be very credit worthy. Two written satisfactory market checking reports must be

obtained before disbursement Insurance: The Lessee will arrange comprehensive insurance of assets life assurance of lessee under the Bank's charge.Mark-up: 11% per annum. Repayment: 8 equal half yearly installments (within four years).

Kissan Dost Farm Transport Scheme Purpose: Provision of financial facility to the farmers for purchase of Farm Transport Vehicles e. g. Small Pickups, VP/Vans and small chillers. Eligibility: Resident Self Cultivator having Agriculture Land minimum 5 acres and maximum 50 acres.

Amount: Maximum Rs. 500,000/-. Equity: 20% of the cost of Vehicle will be paid by the borrower. Insurance: The Lessee will arrange comprehensive insurance of Vehicle life assurance of lessee under the Bank's charge. Mark-up: 11% per annum.

Repayment: 10 equal half yearly installments (within five years). Kissan Dost Eslah-E-Arazi Scheme Purpose: Provision of financial facility to the farmers for development of their non productive lands into productive ones by conductive on farm works of Land leveling, laser leveling, and land improvement clearance of jungle and land reclamation. Eligibility: Resident Self Cultivator having Agriculture Land minimum 5 acres and maximum 50 acres. Amount: Maximum Rs. 500,000/-.

Equity: Borrower will pay 20% cost of the project. Insurance: Life assurance of lessee under the Bank's charge. Mark-up: 11% per annum.Repayment: 8-10 equal half yearly installments (within four to five years). Kissan Dost Agri Mall Finance Scheme Purpose of Finance: Four renowned companies of the country such as M/S Ali Akbar Group, Millat Tractors, PSO and Angro Services have established a joint venture company in the name of the Agrimall (Pvt) Ltd to provide agro services under one roof through its Franchisees. Amount of Finance: The amount of Finance will be 9.5 (M) maximum for all package of facilities

mainly as under: Demand Finance: Maximum Rs. 2. 5 (M) for construction of site. Lease Finance: Maximum Rs. 1. 50 (M) for purchase of tractors and machinery. Running Finance: Maximum Rs. 3. 0 (M) for stocks of seed, fertilizers, pesticides and oil etc. L/C Limit: Maximum Rs. 2. 5 (M) for import of pre-engineered construction material for construction of site one time transaction. Consumer finance schemes BOP Quick Cash BOP QUICK CASH is a running finance facility provided to salaried individuals through their bank accounts with BOP for purchase of consumer items or personal needs. The facility is an alternative to consumer financing offered by other banks except it is R/F instead of Demand finance, which is more favorable to the borrower.

You can get this personal loan from BOP if you are: Between 25 and 55 years of age •Permanent employee of selected organizations having atleast 3 years of experience •Computerized National Identity Card holder •Your net take home salary is Rs. 15000/ - & above as mentioned on salary slip/ salary certificate (excluding benefits). For Govt. Employees net take home salary is Rs. 10,000/- Minimum amount is Rs. 50, 000 and maximum amount is Rs. 200,000. Loan is available for one year, further renewable subject to satisfactory conduct of account. Most competitive rate in the market, which will be calculated on daily product basis Other Charges: •Non-refundable fee Rs. 450/ •Processing Fee Rs., 850/ •Documentation charges Rs. Actual Loan will be repaid on Demand / Lump sum. Documents required •Application Form •Copy of CNIC •2 recent photographs •Latest Salary Slip/Salary certificate on Company's letterhead •Latest Copy of utility Bills •Copy of service ID card

•6 months A/C statement showing salary being credited BOP House Loan BOP house loan is long term finance facility for purchase of house/flat or construction of house on self-owned plot or for renovation/ home improvement. You can avail this facility if you are: •Salaried Person:Permanent employee of selected organizations with a minimum take home salary of Rs. 0, 000.

•Self-employed:Business person and professional having minimum 5 years in current business. •Holder of computerized National Identity Card. •Between 25 and 60 years of age. Security: •House/flat purchased. •Plot on which construction is to be carried out.

•House on which renovation is to be carried out. Documents required: •Copy of CNIC. •Two recent photographs. •Last three Salary slips/ salary certificate on company's letter head with joining date. •Current designation, length of service, gross salary & certificate from HR department for perks. for salaried individuals) •Bank statement for last six months for salaried individuals and for the last I year incase of self-employed businessperson.

•Copy of utility bills. •Fee slip of children if applicable. •Income tax return / wealth statement. •Copy of Rent agreement if living in rented house. BOP SME Loan BOP SME loan is a running finance facility to meet working capital requirements or to expand existing business against owner occupied residential/commercial property. The facility is available for businesspersons & self-employed professionals Holders of computerized national identity card Between 25 and 55 years of ageHave minimum 3 years in current business / practice Assessed net monthly income Rs. 36,000/-* Member of trade body or chamber of commerce or anjuman-e-Tajran for at least 3 years Minimum amount is Rs. 1, 000,000/- and maximum amount is Rs. 7,500,000/- Loan is available

for a period of 1 year, which can be renewed subject to satisfactory conduct of account, business health & value of property. Other Charges: Non refundable feeRs. 450/- Processing feeRs. 4, 950 for loans up to 3,000,000 Valuation Charges, All stamp duties Legal and documentation charges Actual Rs. 8, 950 for loans over 3,000,000 Documents required: •Copy of CNIC. Two recent photographs. •Copy of paid utility bills showing bills for last 12 months. •Income tax return / wealth statement.

BOP Aasaish Loan Product BOP Aasaish Loan is Demand finance facility for purchase of consumer durable goods like TV, Refrigerators, Mobiles, Microwave Ovens, Fans, Audio/Video system etc. Eligibility Criteria Salaried Person: Confirmed permanent employee with one year experience Salary is routed through a bank account Private Employees: In addition to the above mentioned conditions: Having age between 25 and 59 years OR date of retirement, whichever is earlier Having minimum Take Home salary of Rs. 0,000/-(Rupees Ten Thousand) per month Self-employed business / Professional In addition to condition # 1 & 2: Having age between 25 and 57 years (57 Years at maturity of facility). Minimum 2 years in current business Having minimum Net Income of Rs. 15,000/-(Rupees Fifteen Thousand) per month. •0% Mark-Up. (12 months) •0% Down Payment. •FREE Home Delivery. •Financing Tenures of 18, 24 & 36 months are also available with nominal markup. •Easily Affordable & Flexible Instalments. •Quick Processing. •No Hidden Cost. •No Insurance cost.