KARACHI: The Board of Directors of Sindh Bank in their meeting held on October 18, 2016 considered and approved the accounts of the bank for the nine months ended September 30, 2016. During the period under review, the bank maintained satisfactory growth in deposits, advances and profitability. Deposits increased to Rs102.76 billion as on September 30, 2016 compared to Rs84.08 billion as on December 31, 2015, registering an increase of 22.2%. Gross advances increased to Rs51.76 billion compared to Rs46.71 billion as on December 31, 2015, increasing by 10.8%. Total number of customer accounts stood at 399,494 as against 358,084 at December 31, 2015. Pre-tax profit for the nine months ended September 30, 2016 stood at Rs1,776 million as against Rs1,510 million earned in the corresponding period of 2015.
Published in The Express Tribune, November 16th, 2016.
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