The Bank of Punjab Secures Top Rank in SBP’s Agriculture Credit Scoring Model for FY 2023.

Lahore: State Bank of Pakistan (SBP) introduced a comprehensive
Scoring Model to gauge the agriculture credit performance of the
banks. Based on this scoring model, banks are ranked according to
their sizes. The Bank of Punjab (BOP) has been ranked at 1st
Position in the Mid-Size Banks for the FY 2023. It is pertinent to
mention here that on an overall basis, BOP’s score is the second
highest among all commercial banks regardless of their Tier Size.
This score has weightage of outstanding borrowers, regional /
geographical disbursements, outstanding portfolio and overall
disbursement with regards to Agriculture sector and includes both
Farm and Non-Farm Sectors. BOP has not only increased its
agriculture customer base but also booked one of the largest
Collateral Free Loans portfolios of Agriculture customers whereby
loans are extended for Poultry, Dairy and Animal Fattening against
personal guarantee of the borrowers.
Introduction of Customer Centric proposition is the heart of bank’s
strategy. Bank has dedicated branches to cater to Agriculture
Sector needs, equipped with well-trained Agriculture Relationship
Managers. BOP offers extensive products under the Kissan Dost
Umbrella which ranges from Lucrative everyday Banking accounts
to Need Specific Loan Products.
BOP is also focused to use modern day technology and innovative
tools for the well-being of its customers. Recent launch of Kissan
Digital Portal is the testimony to this fact, followed by its
collaboration with different Agritechs for provision of Advisory
Services in respect of Weather Forecasts, Cropping, Pesticide
spraying and Utilizing Drones for Sprays to the Farmers. Bank has
also collaborated with Punjab Land Record Authority for real time
lien marking on Agriculture properties situated in Punjab
Province. BOP stands committed to promote development and
sustainability of agriculture sector by leveraging its Network and
State of Art products and services.