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Sindh Bank reported a 274% increase in pre-tax profit to Rs4.05 billion for the half year ended June 30, 2026.
The bank recorded pre-tax profit of Rs1.08 billion during the same period in 2025.
Sindh Bank attributed the increase to stronger operating profits, resilient margins and significantly higher net markup income.
Profit after tax also increased sharply during the period.
The bank reported Rs2.41 billion in profit after tax for H1 2026, compared with Rs500 million a year earlier. That represents an increase of nearly five times.
Sindh Bank’s total equity increased by Rs1.22 billion during the period.
The bank reported total equity of Rs34.77 billion as of June 30, 2026.
Its Capital Adequacy Ratio stood at 21.81%, well above the regulatory minimum of 11.50%.
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The bank also maintained Rs30.12 billion in minimum capital against a regulatory requirement of Rs10 billion.
Sindh Bank said the figures demonstrate its capital strength and provide room for further balance-sheet growth.
Sindh Bank’s deposits continued to grow during the first half of the year.
Deposits reached Rs357 billion at the end of June 2026, up Rs15 billion from Rs342 billion at the end of December 2025.
The bank also improved its deposit mix, particularly through growth in non-remunerative deposits.
Sindh Bank said the improvement helped strengthen profitability.
The bank also expanded its customer base. It added 197,975 new customer accounts during the period.
Sindh Bank increased private-sector lending by Rs10.8 billion during the first half of 2026.
The growth covered several segments.
These included SME finance, agricultural credit, corporate and commercial lending, and consumer finance.
The bank said the expansion reflects its focus on supporting businesses and economic activity across different sectors.
VIS Credit Rating Company Limited reaffirmed Sindh Bank’s long-term credit rating at AA during the period.
The agency also maintained the bank’s short-term rating at A-1+, the highest possible rating.
The outlook remained stable.
The ratings reflect the bank’s financial position and credit profile.
Sindh Bank also continued to support public-service initiatives during the year.
Its programmes include the Sindh Peoples Housing initiative for flood affectees and annual Zakat distribution.
The bank also facilitates the delivery of Benazir Hari Cards through its branches and dedicated counters.
In addition, Sindh Bank partnered with several Sindh government departments to deliver digitally registered assistance programmes.
These initiatives included Rs87 billion in wheat procurement financing for the 2026 harvest season. The facility supported 333,150 farmers.
The bank also helped distribute Rs41 billion in DAP and urea subsidies.
It digitally transferred Rs3 billion in fuel subsidies to 331,000 wheat growers.
Sindh Bank also supported more than 3,500 fishermen through government initiatives.
The bank facilitated Rs2.4 billion in Peoples Motorbike Fuel Subsidies for 1.2 million bikers.
It also helped deliver targeted fuel subsidies to more than 1,500 transporters.
In addition, Sindh Bank distributed Rs4 billion in flood emergency assistance to more than 58,000 beneficiaries.
Sindh Bank’s network currently comprises 330 online branches across Pakistan.
The network includes 59 dedicated Islamic Banking Branches (IBBs).
The bank said its financial performance, stronger capital position and expanding customer base provide a foundation for continued growth during the second half of 2026.
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