Sindh Bank BoD reviews accounts
Profit after tax and earnings per share were reported at Rs1,230 million and Rs1.23 respectively
KARACHI:
The Board of Directors of Sindh Bank met on March 1, 2016 to review and approve the annual audited accounts for the year ended December 31, 2015.During the year, the bank earned a profit before tax of Rs2,051 million, registering an increase of 27.3% as compared to Rs1.612 million of last year. Profit after tax and earnings per share were reported at Rs1,230 million and Rs1.23 respectively. The bank maintained an overall growth in deposits, advances and accounts opened as deposits increased by 36% and stood at Rs84.076 billion as compared to Rs61.884 billion as on December 31, 2014. Gross Advances rose by 13.4% to Rs46.708 billion as against Rs41.201 billion as on December 31, 2014, and number of accounts stood at 358,084 registering an increase of 115% over 2014.
Published in The Express Tribune, March 3rd, 2016.
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