History and Overview

Bank’s Vision:

The Bank’s Vision is to be a leading bank, which would play a positive role to generate economic activities for empowering the people by meeting their financial needs for running a successful business and create employment opportunities.

Bank’s Mission:

The Bank’s Mission is to develop as a leading Commercial bank in the country by meeting its stated objectives of promoting economic development of the country in general and in the province of Sindh in particular.

Bank’s Core Values:

The Bank is committed to upholding its Core Values, which are:

• Integrity
• Customer Focus
• Team Work
• Innovation

These principles guide all of its decisions and actions.

Management:

Mr. Muhammad Anwaar is the President & CEO of Sindh Bank. In October 2024, he has assumed the role of President & CEO while he has been part of Sindh bank since November 2022, earlier serving as Deputy CEO of the Bank.

Mr. Anwaar completed his early education at Aitchison College, Lahore, and graduated from Government College, Lahore. He holds an MBA in Banking & Finance from the Institute of Business Administration IBA Karachi.

As an Associate Member of the Institute of Bankers in Pakistan, Mr. Anwaar is a seasoned banker with 29 years of diverse experience, both locally and internationally. He began his career from Al Baraka Islamic Bank in Pakistan, followed by positions in Corporate Banking Group at Union National Bank in Dubai & Northern Emirates. He then spent a decade at Askari Bank Limited, where he last served as Senior Vice President and Corporate Head – Central. Before joining Sindh Bank, Mr. Anwaar worked at Bank Makramah formerly Summit Bank for nine years, lastly serving there as SEVP & Group Head Corporate, Commercial/SME, Investment Banking.

Led by Mr. Muhammad Anwaar, the Bank has achieved turnaround with historic highs of business and profitability along with continuously improving governance and controls and motivating the Bank’s retail banking team to boost customer deposits.

HR & Training:
Human Resource Development has always remained a major focus area for the Bank. The Bank has three fully equipped training centers in Karachi, Lahore and Islamabad, to cater to the training needs of the different regions. Training provided in diversified disciplines including Retail Banking, Regulatory Compliance, Credits, Islamic Banking, Soft Skills, Personal Development etc. Also,under the State Bank of Pakistan’s (SBP’s) initiative on Banking on Equality, the staff has been trained on Gender Sensitivity.
Capacity Building initiatives continue to remain including resource onboarding, trainings and Certifications of hundreds of staff arranged from NIBAF and it continues this year as well.
Management Team has depth with the presence of Mr. Syed Assad Ali Shah, one of the initial members of Bank’s team with varied experience, serving as Deputy Chief Executive Officer to manage assets, liabilities, digital solutions and all touch points of Bank across Pakistan.

The Bank reported its record high Profit Before Tax of Rs 6.37 Billion, more than double (i.e. 155% increase) from previous year driven by resilient margin and robust growth in Deposits and Advances both touching new peaks at the close of year 2025. Operating Profit also registered manifold increase attributable to significantly higher Markup as well as Non Markup Income. Gross Advances experienced significantly increased during the year driven by growth of 157% & 64% outstanding portfolio of SME & Consumer Financing segments respectively besides major expansion in sovereign backed financing.

The KPIs of Bank’s are in the following table:

Item	Actual Dec-2025 (Rs. Million)	Actual Dec-2024 (Rs. Million)	Inc/(Dec) Over 2024
Gross Advances	170,502	98,958	71,544
Advance – Net	147,521	72,546	74,975
Deposit and Other Accounts	342,091	312,718	29,373
Equity	33,548	29,152	4,396
Profit Before Tax	6,367	2,502	3,865
Profit After Tax	3,355	2,770	585
Regulatory Ratios	Actual Dec-2025	Actual Dec-2024	Inc/ (Dec) Over 2024
Capital Adequacy Ratio	25.04%	21.42%	3.62%
Leverage Ratio	5.28%	4.01%	1.27%

 

GOS Initiatives:
On the Digital Banking front, the bank has opened more than 700,000 accounts of flood–affected people across multiple districts of Sindh in bulk digitally where Government of Sindh has given funds for construction of houses commonly known as SPHF Project being the largest housing project in the world comprising of more than 2 Million Houses. More than Rs. 140 billion Cash has been paid to beneficiaries over the counters from its 97 Branches and 17 Booths involving record level cash management.

Bank exclusively enabled issuance of Benazir Hari Card for more than 330,000 farmers complementing huge intervention achieved by Agriculture Department GOS to disburse Rs 40 Billion to Wheat growing small farmers for DAP and Urea application across the province while leaving behind competing players having thousand plus Branches Agents Network. This eventually led to an ecosystem for procurement of wheat and other targeted interventions in future.

Bank secured first ever Digital Wheat Procurement mandate for payments to registered Wheat Growers with holding up to 25 acres and already having opened their accounts with Sindh Bank as a part of ecosystem developed for Benazir Hari Card.

The bank has upgraded the e-stamp system and now serves as the settlement bank for the Sindh Revenue Board for Point of sale tax collection via 1Link and 1 Bill Service.

Bank’s Entity Rating:
Sindh Bank’s current medium to long term entity rating, assigned by VIS Credit rating company has been upgraded, The long-term entity rating to AA (Double A) from AA- (Double A Minus) while reaffirming the short-term rating to A-1 + ( A-One Plus) with a stable Outlook in its report dated December 1, 2025

Bank’s Innovations:
Sindh Bank is aware of its Corporate Social Responsibilities, is serving the marginalized segments of population, and continues to support multi-sectoral initiatives in health, education and community welfare that encourage financial inclusion.

The Bank has facilitated 43 thousand beneficiaries of GOP’s Benazir Income Support Program and disbursed Zakat to another 105 thousand people on behalf of Government of Sindh, Zakat & Usher Department.

Sindh Bank Products and Services:

Sindh Bank offers a diverse portfolio of products and services. Here is a closer look at some of the offerings:

Sindh Bank Products:

1. Nasheman Home Finance Loan: Tailored to assist individuals in purchasing or constructing their homes, providing flexible repayment options.
2. Auto Finance Loan: Designed for those looking to purchase vehicles, offering competitive rates to make the car ownership more accessible
3. Sukoon Salary Personal Loan: A personal loan specifically aimed at salaried individuals, providing them with additional financial support for unexpected expenses.
4. Agriculture Loans: Catering to farmers and agricultural businesses, these loans support farming activities, equipment purchases
5. Solar Finance Facility: Designed to meet the needs of all the customer segments, promoting sustainable energy solutions for both individuals and businesses.
6. Savings Accounts: Encourages customers to save money while earning interest, ideal for both short-term and long – term goals.
7. Current Accounts: Designed for businesses and individuals needing to manage frequent transactions.
8. Women Empowerment Account: Focuses on promoting financial independence for women, offering benefits tailored to their specific needs.
9. Mohtarma Account for Women: A specialized account for women providing unique advantages to enhance women’s financial security and independence.
10. Young Talent Account: Created for children to encourage saving from a young age, often with benefits that grow as they reach certain milestones.
11. Different Deposit Schemes: Various options to help customers grow their savings with attractive interest rates and terms tailored to different financial goals.
12. Small and Medium Enterprises (SMEs): The bank provides financial solutions to help SMEs grow and thrive in the competitive market.
13. Assan Account: Aimed at general populace, this account is accessible to both men and women, promoting financial inclusion.

Sindh Bank has collaborated with SEDF for facilitating SMEs starting business in Sindh through Markup Subsidy at a time when interest rates were at peak and this collaboration brought viability to pursue SME businesses. Going forward also, focus will remain on priority sectors and service delivery on initiatives announced by the government for the benefit of People.

Sindh Bank Services:

1. Home Remittance Services: Partners with vendors like Western Union, MoneyGram and Ria for secure and easy receiving of money from abroad.
2. Digital and Internet Banking Services: Offering modern banking through SMS Banking for convenient access to services.
3. 24/7 Call Center Facility: A dedicated support service that ensures customers have access to assistance at any time of the day.
4. Locker Services: Providing a safe and secure way to store valuables with options for small, medium, and large lockers.
5. Debit Cards: Offering convenience and security with UnionPay and VISA debit cards for easy access to funds.
6. Islamic Banking Services & Products: The Bank also offers a range of Islamic Banking options, including auto finance, home finance, and personal loans, aligning with Sharia–Compliant principles.
7. Mobile App: Available on both the Apple App Store and Google Play Store, providing easy access to banking services on the go.

Sindh Bank’s comprehensive products and services offerings reflects its commitment to serving a wide range of customer needs and promoting financial well-being across communities.

In December 2022, under the State Bank of Pakistan’s initiative on Banking on Equality (BoE), the bank has launched women centric products – Mera Ghar Home Finance, Meri Gari Auto Finance, Azadi Salary Personal Loan and Haya Assan Current & Saving Account.

Social Media Platforms:
The Bank promotes its products through its independent social media platforms, Facebook, Instagram & LinkedIn – utilizing marketing and advertising strategies. Additionally, campaigns are conducted on these platforms to raise awareness. Furthermore, each branch features marketing materials to inform customers about available products.

Future Outlook:
The Bank and its management is determined to maintain its focus on the following major goals:

• Conversion of Sindh Bank into Islamic Bank
• Widening and deepening of Customer Base
• Promoting Consumer, SME and Commercial Business
• Focus on Cost Effective Deposit Mobilization
• Training and Development of Staff
• Strengthening the Risk and Control Environment
• Minimizing Infection Ratio through Non-Performing Loans Management Mechanism.