Sindh Bank Pre-Tax Profit Surges 274% to Rs4.05 Billion

Sindh Bank Limited reported a 274% increase in pre-tax profit to Rs4.05 billion for the half year ended June 30, 2026.

The bank recorded Rs1.08 billion in profit before tax during the same period last year. According to the bank, resilient margins and significantly higher net markup income drove the strong improvement.

Profit After Tax Nearly Quintuples

Profit after tax also recorded a major increase during the first half of 2026.

Sindh Bank posted Rs2.41 billion in profit after tax, compared with Rs500 million in H1 2025. The result represents an increase of nearly five times over the previous year.

Higher operating profits supported the overall improvement. Meanwhile, stronger net markup income helped the bank maintain its earnings momentum.

Capital Position Remains Strong

The bank’s total equity increased by Rs1.22 billion during the period. It reached Rs34.77 billion as of June 30, 2026.

Sindh Bank also maintained a strong capital position. Its Capital Adequacy Ratio stood at 21.81%, well above the regulatory minimum of 11.50%.

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In addition, the bank maintained Rs30.12 billion in minimum capital against the required Rs10 billion. This position provides additional capacity to support future balance sheet growth.

Deposits Reach New High

Customer deposits continued to grow during the first half of the year.

Sindh Bank’s deposits reached Rs357 billion by the end of June 2026. That figure exceeded the previous peak of Rs342 billion recorded at the end of December 2025.

The increase represents growth of Rs15 billion over the six-month period.

Importantly, the bank also improved its deposit mix. Growth in non-remunerative deposits supported profitability and strengthened the bank’s funding position.

Customer outreach expanded as well. Sindh Bank added 197,975 new customer accounts during the period.

Private Sector Lending Expands

Sindh Bank increased private-sector lending by Rs10.8 billion during the first half of 2026.

The growth covered several major segments. These included SME finance, agricultural credit, corporate and commercial lending, and consumer finance.

As a result, the bank continued to expand its role in financing businesses, farmers and individual customers.

VIS Reaffirms Credit Ratings

During the period, VIS Credit Rating Company Limited reaffirmed Sindh Bank’s long-term credit rating at AA.

The rating agency also maintained the bank’s short-term rating at the highest possible level of A-1+.

Both ratings carried a stable outlook, reflecting the bank’s financial position and credit profile.

Sindh Bank Expands Public Service Role

Beyond conventional banking, Sindh Bank continued supporting several public service initiatives.

The bank remained involved in the Sindh Peoples Housing for Flood Affectees programme. It also continued the annual distribution of Zakat.

Furthermore, its branches and booth counters supported the delivery of Benazir Hari Cards.

During 2026, Sindh Bank partnered with various government departments to deliver several Sindh Government initiatives to digitally registered beneficiaries.

Billions Delivered Through Government Schemes

Under the wheat procurement programme, Rs87 billion was allocated for the 2026 harvesting season. The facility supported around 333,150 farmers.

Meanwhile, Rs41 billion in DAP and urea subsidies was provided to farmers.

The bank also digitally transferred Rs3 billion in fuel subsidies to 331,000 wheat growers.

In the fisheries sector, Sindh Bank supported more than 3,500 fishermen. It also delivered Rs2.4 billion under the Peoples Motorbike Fuel Subsidy programme to around 1.2 million bikers.

Additionally, targeted fuel subsidies reached more than 1,500 transporters.

For flood-affected communities, the bank delivered Rs4 billion in emergency assistance to more than 58,000 beneficiaries.

Branch Network Covers Pakistan

Sindh Bank currently operates 330 online branches across Pakistan.

The network includes 59 dedicated Islamic Banking Branches (IBBs). Through this footprint, the bank continues to serve retail, business, agricultural and institutional customers across the country.

Overall, the first half of 2026 showed strong earnings growth for Sindh Bank. Higher profitability, rising deposits, expanding private-sector lending and a strong capital position supported the bank’s performance during the period.