Comparing the

history of
Bank of Punjab &
Bank of Montreal
Introduction
Bank of Punjab
Bank of Punjab has a rich history dating back to its
establishment in [1989]. It has played a significant
role in the economic development of Punjab,
offering a wide range of financial services to
individuals and businesses.
Bank of Montreal
Bank of Montreal, founded in [1817], is one of the oldest
and largest banks in Canada. It has a long history of
providing banking services to individuals, businesses, and
institutions, and has played a significant role in the
development of the Canadian financial sector.
Bank of Punjab: Founding and Early Years

• The Bank of Punjab was founded in 1989 in Lahore, Pakistan. It was established as a
public limited company under the Companies Ordinance, 1984.
• The bank started its operations with a paid-up capital of 20 million rupees.

• In its early years, the Bank of Punjab focused on providing banking services to
individuals, small businesses, and corporations. It aimed to support economic growth
and development in the region by offering a range of financial products and services.

• During this period, the bank expanded its branch network and introduced innovative
banking solutions to cater to the evolving needs of its customers.
• It adopted modern technology and implemented advanced systems to enhance
operational efficiency and customer experience.
Bank of Montreal: Founding and Early Years

Founding

Bank of Montreal was founded on November 3, 1817, making it

the first bank in Canada and one of the oldest banks in North
America. It was established by a group of merchants and
professionals in Montreal, Quebec.

Early Years

In its early years, Bank of Montreal played a crucial role in the

development of Canada's economy. It provided financial
services to individuals, businesses, and government entities,
supporting the growth of industries such as agriculture,
manufacturing, and trade.