Sindh Bank posts pre-tax profit of Rs2.5bn in nine months

KARACHI: The Board of Directors of Sindh Bank met on October 29, 2025 and approved the nine months accounts for the period ended September 30, 2025 while appreciating remarkable performance in key business areas. During the period Bank achieved 213 percent growth in its operating profit as compared to same period last year and profit before tax soaring to Rs 2,542 million.

The Board expressed its appreciation and gratitude to the Government of Sindh and its clients for their continued confidence and patronage.

Net markup income increased by 25 percent in the nine months of 2025, despite downward revisions in the policy rate and non markup income of bank increased by 79 percent i.e. Rs 694 million attributable to increase in income from fees, commission, dividends and gain on securities during nine months period

Total equity of the bank grew by Rs 2.1 billion reaching to Rs 31.2 billion at the end of September 30, 2025.

Bank’s Capital Adequacy Ratio stood at 25.04 percent as against the minimum requirement of 11.50 percent and maintained Rs 26.8 billion as minimum capital against the requirement of Rs 10 billion as on September 30, 2025 reflecting capital strength and resilience to absorb impacts and pursue balance sheet growth.

Deposits touched highest peak of Rs 335.1 billion for the quarter ended September 30, 2025 surpassing previous peak of Rs 312.7 billion as on December 31, 2024 witnessing increase of Rs 22.4 billion. Bank also managed to improve deposit mix especially non-remunerative deposits which notably strengthened profitability. CASA ratio improved to 87 percent from 82 percent in December 2024. With the focus on customer widening, the number of account holders rose to 1.3 million with the addition of 0.2-mn new customers.

Gross Advances touched an all time high figure of Rs 136.0 billion during the reporting period representing 37.4 percent increase over Rs 98.9 billion as on December 31, 2024 which was driven by growth of 74 percent & 48 percent in SME & Consumer Financing segments respectively besides major expansion in sovereign backed financing.

VIS Credit Rating Company Limited reaffirmed AA- & A-1+ credit ratings of Bank with stable outlook for long term and short term respectively.

Copyright Business Recorder, 2025