Sindh Bank Explained

Sindh Bank
Type:Unlisted public company
Foundation:24 December 2010
Location City:Karachi-75600
Location Country:Pakistan
Locations:330
Area Served:Pakistan
Industry:Banking
Products:Loans, savings, and consumer Banking
Subsid:Sindh Microfinance Bank

The Sindh Bank Limited (Urdu: سندھ بینک) is a Pakistani scheduled bank headquartered in Karachi. It has over 331 branches in 169 cities. It was set up as a state-owned bank, offering microfinance loans and other banking services.

History

Sindh Bank Limited was established on 29 October 2010 with seed capital of Rs.10 billion, wholly subscribed by the Government of Sindh.[1]

It commenced full-scale banking business in April 2011, and has established 331 on-line branches spread across 169 towns and cities of Pakistan. Out of these, 14 branches are dedicated to Islamic Banking.

Sindh Bank launched its new website of 1 June 2020.[2]

See also

Notes and References

  1. Web site: Sindh Bank and Summit Bank are merging. Who is the real buyer?. Arshad. Hussain. 10 September 2018. Profit by Pakistan Today.
  2. Web site: Desk. BR Web. 2020-06-03. Sindh Bank launches its new website. 2020-06-04. Brecorder. en.