After-tax profit: Sindh Bank earns Rs887m in 2012

The bank opened 110 branches in 2012.


Press Release February 27, 2013

KARACHI: Sindh Bank has posted after-tax profit of Rs887 million and earnings per share of Rs0.89 for the year ended December 2012. According to a press release, profit before tax stood at Rs1.29 billion, an increase of 13% over profit of Rs1.14 billion in the previous 14-month period. Deposits were up 33.8% at Rs31.469 billion on December 31, 2012 compared to Rs23.517 billion a year earlier. The bank said its focus during the year had been on expansion of network and increasing business volumes. The bank opened 110 branches in 2012. Its presence has spread to 80 cities across the country with 160 real time online branches providing innovative products and services. During the year, the board of directors approved an interim cash dividend of Rs0.60 per share, amounting to Rs600 million, which was paid to the sole owner, the Government of Sindh, in July last year.

Published in The Express Tribune, February 28th, 2013.

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