Expansion: Sindh Bank holds annual meeting

KARACHI: The Sindh Bank Board meeting for the year ended December 31, 2013 was held at the Sindh Bank, Head office. The meeting reviewed the bank’s annual accounts. The bank maintained an overall growth in deposits, advances and number of accounts opened and earned, along with an after tax profit of Rs665 million. Deposits increased by 45.4% and stood at Rs 45.7 billion, advances by 38% to Rs 26.564 billion compared to Rs19.282 billion during the same period last year. Meanwhile, number of accounts stood at 124,366, registering an increase of 61%. Sindh Bank has 200 online branches in 104 cities across Pakistan.

Published in The Express Tribune, February 21^st, 2014.

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