Daily Times

Another cornerstone of BOP’s success lies in its tailored digital banking solutions for SMEs. Spearheading innovation, bank introduced the first End-to-End (E2E) digital lending product of the commercial banking industry in the market, empowering small entrepreneurs with seamless and efficient financial delivery to navigate the complexities of modern day business landscape. Bank’s exclusive SME Digital Portal streamlines the lending process for its customers.

Innovative credit evaluation methodologies further distinguish BOP’s approach. We had introduced Regression-Based Statistical scorecard model for credit evaluation, specifically tailored for extending loans to Small Enterprises (SE). Applicants are engaged through recorded communication, and loans are granted utilizing a Q&A based cash flow-centric lending framework, assessed via Digital Scorecards. Additionally, bank has embarked upon a ground-breaking partnership with a Tech Company for an advanced Artificial Intelligence (AI) empowered digital infrastructure project aimed at evaluating scope 3 emissions, furthering our commitment to ESG considerations in SME Financing.

Expressing gratitude at this recognition, Mr. Zafar Masud, CEO of The Bank of Punjab, remarked, “We are honoured to be recognized as the Best SME Bank by The Digital Banker. This award validates our dedication to SMEs success in Pakistan. We remain committed to innovating and delivering cutting-edge financial solutions to empower small businesses and stimulate economic growth.”

The Bank of Punjab’s recognition as the Best SME Bank in Pakistan reaffirms its position as a leader in the financial industry, setting the stage for a future marked by continued innovation, inclusivity, and sustainable economic development.