BOP secures green light for Rs30bn Punjab govt capital injection

Investors in The Bank of Punjab (BOP) have given the go-ahead for a capital infusion worth as much as Rs30bn from the Government of Punjab, Mettis Global reported. The vote took place at a special general meeting in Lahore on September 8, 2026. Under the resolutions, the lender will allot fresh ordinary shares to the provincial government without going through a rights issue.

Capital will arrive in stages, subject to remaining approvals from the SECP, SBP and PSX. Shares will be priced at a floor of Rs38.20 each, or at the going market rate with a 5% add-on whenever that rate exceeds the floor. The first tranche targets Rs15 to 20bn in cash by December 31, 2026, while the second aims for the remaining Rs10 to 15bn by June 30, 2027. Ahead of formal allotment, the bank can accept an upfront payment of as much as Rs10bn toward the equity.

Shareholders also approved a revised board remuneration policy that sets fees at Rs395,000 net of taxes per meeting for directors attending board and sub-committee sessions. The chief executive, CFO and company secretary have been authorised to sign agreements, file applications with regulators and finalise allocations for each tranche.