External broker reports(aggregated public sources), Topline Securities

Topline Securities

Topline Securities is one of the fastest growing brokerage houses in Pakistan. It has strong equity brokerage, economic / equity research, mutual fund distribution, commodity trading and corporate finance & advisory functions. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>The improvement in NIMs is expected to continue in 2H2025 as few more TDRs have matured/repriced till Aug and remaining will be repriced/matured in 4Q2025. Due to this repricing/maturity, the bank will save around 4-5% spread on TDR portfolio.</li><li>The bank recorded 116% YoY growth in Net Interest Income (NII) in 1H2025 compared to the corresponding period last year. Management attributed 25% of this growth to MDR while 75% to initiatives such as higher current account balances, repricing of term deposits, and stronger yields on lending.</li><li>Average current account balances improved by 40%, while 64% of TDRs matured by Jun-25, both contributing to the increase in NII.</li></ul>

The improvement in NIMs is expected to continue in 2H2025 as few more TDRs have matured/repriced till Aug and remaining will be repriced/matured in 4Q2025. Due to this repricing/maturity, the bank will save around 4-5% spread on TDR portfolio.The bank recorded 116% YoY growth in Net Interest Income (NII) in 1H2025 compared to the corresponding period last year. Management attributed 25% of this growth to MDR while 75% to initiatives such as higher current account balances, repricing of term deposits, and stronger yields on lending.Average current account balances improved by 40%, while 64% of TDRs matured by Jun-25, both contributing to the increase in NII.

Topline Flash Note: Bank Of Punjab (BOP): Corporate Briefing Key Takeaways

Bank of Punjab

Topline Flash Note: Bank Of Punjab (BOP): Corporate Briefing Key Takeaways