{
  "id": 7675990,
  "title": "Sindh Bank posts 274pc surge in PBT to Rs4.05bn in H1’26",
  "url": "https://urgent.news/2026/09/16/sindh-bank-posts-274pc-surge-in-pbt-to-rs4-05bn-in-h126",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-16T00:59:50.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40439655/sindh-bank-posts-274pc-surge-in-pbt-to-rs405bn-in-h126"
  },
  "original_language": "en",
  "account": "In the second half of 2026, Sindh Bank experienced a staggering 274% surge in profit before tax (PBT) to Rs 4.05 billion, a significant increase from Rs 1.08 billion in the same period last year. This surge was primarily driven by a dramatic rise in operating profits, attributed to resilient margins and a notable increase in Net Markup Income. The bank's profit after tax for the period saw a near five-fold increase to Rs 2.41 billion, compared to Rs 500 million in the corresponding period of the previous year. The total equity of the bank grew by Rs 1.22 billion, reaching Rs 34.77 billion as of June 30, 2026. The bank's capital adequacy ratio stood impressive at 21.81 percent, well above the minimum requirement of 11.50 percent, with sufficient capital of Rs 30.12 billion against the requirement of Rs 10 billion. Deposits of the bank continued to break records, reaching Rs 357 billion at the end of June 2026, a significant jump from the previous peak of Rs 342 billion, reflecting a Rs 15 billion increase over the year ended December 2025. The bank also made strides in improving its deposit mix, particularly Non-remunerative deposits, which notably contributed to its profitability. The number of account holders increased substantially, with the addition of 197,975 new customer accounts, a testament to the bank's focus on customer expansion. The bank's lending growth also witnessed an increase to Rs 10.8 billion across all segments, including SME Finance, Agricultural Credit, Corporate Commercial Credit, and Consumer Finance. The bank maintained strong credit ratings, with a long-term credit rating of AA and a short-term rating of A-1+ with a stable outlook. Sindh Bank continued its commitment to public service, partnering with various government departments to deliver unprecedented interventions. This included allocating Rs 87 billion for wheat procurement to support 333,150 farmers, providing Rs 41 billion in DAP and urea subsidies, digitally transferring Rs 3 billion in fuel subsidies to wheat growers, supporting 3,500+ fishermen, delivering Rs 2.4 billion in Peoples Motorbike Fuel Subsidy to 1.2 million bikers, facilitating targeted fuel subsidies for 1,500+ transporters, and providing Rs 4 billion in flood emergency assistance to 58,000+ beneficiaries. The bank operated through a robust branch network of 330 online branches across Pakistan, including 59 dedicated Islamic Banking branches.",
  "summary": "KARACHI: Sindh Bank reported its profit before tax of Rs 4.05 billion in H1’26, up from Rs 1.08 billion for H1’25 driven by manifold increase in operating profits attributable to resilient margins and hence significantly higher Net Markup Income. Profit after tax for the H1’26 increased by nearly five times to Rs 2.41 billion compared to Rs 500 million in the same period last year. Total Equity…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}