KARACHI: The Board of Directors of Sindh Bank, in its meeting held on October 29, 2025, approved the bank’s financial statements for the nine months ended September 30, 2025, marking a period of exceptional performance across key business segments.
The bank reported an impressive 213 percent growth in operating profit compared to the same period last year, with profit before tax reaching Rs 2.54 billion. The Board lauded the management’s efforts and expressed its gratitude to the Government of Sindh and valued clients for their continued trust and support.
During the nine-month period, net markup income rose by 25 percent, despite downward revisions in the policy rate. Meanwhile, non-markup income surged by 79 percent to Rs 694 million, driven by higher income from fees, commissions, dividends, and gains on securities.
Sindh Bank’s total equity increased by Rs 2.1 billion, reaching Rs 31.2 billion as of September 30, 2025. The bank maintained a Capital Adequacy Ratio (CAR) of 25.04 percent, well above the minimum regulatory requirement of 11.50 percent, reflecting strong capital resilience. The bank’s minimum capital stood at Rs 26.8 billion, significantly higher than the required Rs 10 billion.
Deposits also reached a record high, touching Rs 335.1 billion by the end of the quarter—an increase of Rs 22.4 billion from December 31, 2024. The CASA ratio improved to 87 percent from 82 percent, underscoring the bank’s growing base of low-cost deposits. Customer outreach also expanded, with total account holders rising to 1.3 million, including 200,000 new customers added during the period.
On the lending side, gross advances hit an all-time high of Rs 136.0 billion, marking a 37.4 percent increase over Rs 98.9 billion recorded at the end of 2024. The growth was primarily driven by a 74 percent rise in SME financing and a 48 percent increase in consumer financing, along with significant expansion in sovereign-backed lending.
Reflecting its financial strength and operational stability, VIS Credit Rating Company Limited reaffirmed Sindh Bank’s long-term credit rating at ‘AA-’ and short-term rating at ‘A-1+’, both with a stable outlook.
