Bank of
Punjab celebrates opening 780th branch
The
Bank of Punjab celebrated opening of its 780th branch in Lahore Thursday,
making a total of 116 branches opened during 2022 only.
Speaking
at the event, Zafar Masud (President & CEO – BOP) appreciated the efforts
of the team in achieving the milestone of highest ever branch opening in a
single year by the Bank of Punjab. He added that by opening 116 branches in
2022, Bank has taken a lead in the industry.
He also
shared his vision of expanding the Bank of Punjab’s total branch network to
1000 branches by the year 2025 to cover operations throughout the country. He
also emphasized on the growing need of Islamic banking and advised the team to
further enhance their focus on Islamic branches expansion.
This
expansion comes at a time when the branch banking in Pakistan, like elsewhere
in the world, is facing
a multitude of threats, resulting in merger and closing down of
non-profitable bank branches.