Sindh Bank reported a sharp improvement in profitability during the first half of 2026, with Profit After Tax (PAT) rising nearly five times to Rs2.41 billion compared with Rs500 million in the same period last year.
The bank’s Profit Before Tax (PBT) also increased substantially, reaching Rs4.05 billion in H1’26 from Rs1.08 billion in H1’25. The improvement was driven by stronger operating profits, resilient margins and a significant increase in Net Markup Income.
Stronger Profitability and Capital Position
Sindh Bank’s total equity increased by Rs1.22 billion to Rs34.77 billion as of June 30, 2026, reflecting a stronger capital base.
The bank’s Capital Adequacy Ratio (CAR) stood at 21.81%, well above the regulatory minimum requirement of 11.50%. Its minimum capital stood at Rs30.12 billion against the regulatory requirement of Rs10 billion.
The stronger capital position provides Sindh Bank with greater capacity to support balance sheet expansion and pursue future growth opportunities.
Deposits Reach New Peak
The bank’s deposits continued to grow, reaching a new peak of Rs357 billion by the end of June 2026, compared with the previous peak of Rs342 billion. This represents an increase of Rs15 billion from the level recorded at the end of December 2025.
Sindh Bank also improved its deposit mix, particularly by increasing non-remunerative deposits. The shift helped strengthen profitability by improving the overall cost of funds.
The bank’s customer base also expanded significantly, with 197,975 new customer accounts added during the period.
Private Sector Lending Expands
Sindh Bank increased private-sector lending by Rs10.8 billion during the first half of 2026.
The lending growth was spread across key segments, including SME Finance, Agricultural Credit, Corporate and Commercial Credit, and Consumer Finance.
The broader expansion in private-sector lending indicates a greater focus on supporting businesses, agriculture and consumers while also strengthening the bank’s overall balance sheet.
Credit Ratings Reaffirmed
During the period, VIS Credit Rating Company Limited reaffirmed Sindh Bank’s long-term credit rating at AA and its short-term rating at the highest possible level of A-1+.
The ratings carry a stable outlook, reflecting the bank’s financial position and continued credit strength.
Continued Focus on Public Service
Alongside its commercial activities, Sindh Bank continued its public-service initiatives, including support for Sindh Peoples Housing for Flood Affectees and the annual distribution of Zakat.
The bank also remained involved in the delivery of Benazir Hari Cards through its branches and booth counters.
During the year, Sindh Bank partnered with various government departments to facilitate the digital delivery of several Government of Sindh interventions to registered beneficiaries.
Government Relief Programmes Delivered Through Sindh Bank
The bank facilitated an Rs87 billion Wheat Procurement Facility for the 2026 harvesting season, supporting 333,150 farmers.
It also supported the digital transfer of Rs41 billion in DAP and Urea subsidies, along with Rs3 billion in fuel subsidies for 331,000 wheat growers.
Sindh Bank further supported more than 3,500 fishermen and facilitated Rs2.4 billion in Peoples Motorbike Fuel Subsidies for 1.2 million bikers.
The bank also delivered targeted fuel subsidies to more than 1,500 transporters and facilitated Rs4 billion in flood emergency assistance for more than 58,000 beneficiaries.
Nationwide Branch Network
Sindh Bank’s branch network currently comprises 330 online branches across Pakistan, including 59 dedicated Islamic Banking Branches (IBBs).
With stronger profitability, record deposits, expanding private-sector lending and a well-capitalised balance sheet, the bank enters the second half of 2026 from a stronger financial position.