KARACHI (PR): The Sindh Bank Board meeting for the year ended December 31, 2013 was held at the Sindh Bank, Head Office, on February 17, 2014. The Board reviewed the Bank’s annual accounts and approved the same. 

The bank maintained an overall growth in deposits, advances and number of accounts opened and earned an after - tax profit of Rs 665M (EPS: Rs 0.67) profit before tax placed at Rs 953M.

Deposits increased by 45.4pc and stood at Rs 45.7 billion, Advances by 38pc to Rs 26.564 billion as against Rs 19,282 billion on December 31, 2012. Number of accounts stood at 124,366 registering an increase of 61pc. With rising deposits the ratio of deposits placed by the Government of Sindh (GoS) to other deposits now stands at 17:83 which clearly reflects our increasing presence in the market areas and enhanced public/ depositors’ confidence.

Our network now stands at 200 on-line branches in 104 Cities across Pakistan. Another 25 branches will be opened in the year 2014 out of which 5 branches will be dedicated to Islamic Banking.