The deposit base of Small and Medium Enterprises (SME) Bank has witnessed an expansion of 24%, said a bank press release on Wednesday. The expansion will increase the bank’s capacity for lending during April to June of this year, it added.
Advances also increased with many more proposals in the pipeline for disbursement, it said. Non-performing loans of the bank were brought down considerably, resulting in a reversal of provisions, which has increased quarterly income of the Bank by 138%. Earnings per share improved by 30% on quarterly basis, it said. According to sources, SME Leasing has also exhibited improvement in performance.
Published in The Express Tribune, August 4th, 2011.