lahore: The Pakistan Credit Rating Agency Limited (PACRA) has upgraded the entity ratings of The Bank of Punjab, reflecting a significant positive shift in the bank's financial health and operational efficacy. As of July 1, 2026, the bank's long-term rating has been elevated to AAA from AA+, while its short-term rating remains A1+, both with a stable outlook. PACRA's decision underscores the bank's enhanced liability franchise, sustained earnings momentum, and improved profitability.

According to information available from the Pakistan Stock Exchange (PSX), the upgrade is attributed to The Bank of Punjab's robust core earnings, effective cost management, and prudent risk stewardship. The bank, known as the largest SME, agriculture, low-cost housing, and women-entrepreneurship lender in Pakistan, is also recognized as the largest credit card issuer and a leading digital lender. The upgrade highlights its improved asset quality and expanded Islamic banking footprint, reflecting its strategic focus on digital transformation and market expansion.

The Bank of Punjab expressed gratitude towards its majority sponsor, the Government of the Punjab, whose strategic guidance and confidence have bolstered the bank's institutional capacity. This relationship has been pivotal in anchoring the bank's role in supporting the province's growth and inclusion agenda. The bank's commitment to customer service excellence continues to drive its progress in the competitive market category.