Corporate Information

Board of Directors*

Acting President & CEO Mr. Muhammed Anwaar Sheikh
Chief Financial Officer Mr. Dilshad Hussain Khan
Company Secretary Mr. Muhammad Irfan Zafar
Auditors Riaz Ahmad & Company Chartered Accountants
Legal Advisors Mohsin Tayebaly & Co
Share Registrar Central Depository Company of Pakistan Limited
Registered Head Office 3rd, Floor Federation House Abdullah Shah Ghazi Road Clifton, Karachi-75600
UAN: +92-21-111-11-7632
FAX: +92-21-35870543
Registration Number 0073917
NTN Number 3654008-7

Sindh Bank’s vision for promoting economic activity to empower the people of Pakistan and create employment opportunities, brings upon it an onerous responsibility to deliver results.

Thus the Bank’s policies are focused on:

  • Enhancing small farmers access to institutional credit and supporting national strategy for increasing agricultural output by funding farm and non-farm projects.
  • Promoting SME sector by providing financial solutions to small and medium sized entrepreneurs.
  • Funding projects yielding economic benefits to the country.
  • Supporting projects that empower women.
  • Providing banking facilities in the unbanked areas particularly in the province of Sindh.
  • Providing e-banking services to enable Bank’s customers to have fast and easy access meeting their banking requirements by installing the most modern and efficient technological applications that satisfy customers’ expectations.
  • Fulfilling its Corporate Social Responsibility in all segments of the Society, particularly for promoting and enhancing education in Pakistan, by supporting and providing interest free loans to meritorious students for higher education, with job guarantee in Sindh Bank.
  • Laying a sound foundation for the bank and delivering attractive value for the shareholders’ investment while remaining within the ambit of regulatory requirements.

Entity Rating

  • The Long-Term Rating AA- ( Double A Minus) reflects highest credit quality; protection factors are strong; risk is modest but may vary strictly from time to time because of economic conditions.

  • The Short- Term Rating A-1+ (Single A Plus/ A-One) indicates strongest likelihood of timely repayments of short- term obligations with strongest liquidity factors.

Sindh Microfinance Bank (SMFB) started its operations in May 2016 as a provincial level microfinance bank. Since then SMFB has grown sustainably with profitable operations from very beginning. To date the Bank has disbursed more 125k loans in excess of Rs. 3.0 billion to women entrepreneurs through its 75 locations covering almost all of Sindh Province.

Due to SMFB’s strong performance indicators and low default ratios, the Pakistan Credit Rating Agency (PACRA) assigned the initial entity ratings of A- for the long term and A2 for the short term which in PACRA’s perspective captures the strength of SMFB as a growing institution in the microfinance sector.

SMFB’s key achievements so far have been as follows:

  • Profitable from very 1st year of operations
  • 100% women loan clientele
  • Over 80% rural financing
  • More than 100k loans disbursed
  • The lowest per borrower cost in the industry
  • Highest profit growth (37%) in 2019 amongst all MFB’s