PACRA Maintains Entity Ratings of First Punjab Modaraba - Press Release issued by The Pakistan Credit Rating Agency Limited.
Lahore -- September 21, 2022 (PPI-OT)
Following is the text of press release issued by The Pakistan Credit Rating Agency Limited (PACRA)
Quote
The ratings reflect the strong patronage of the Modaraba; The Bank of Punjab (BoP) (Rated AA+ by PACRA). The topline increased on account of increase in interest rates and improved business profile. However, the impact of said incline was in turn subsided by considerable increase in finance costs. In way of better profitability, recovery of NPLs also...
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