Samba Bank’s Profit Declines by 53% in Q1 2025

Samba Bank Limited (SBL) has reported a 53% decrease in its profit after tax (PAT) for the first quarter that ended on March 31, 2025, compared to the corresponding period last year.

The financial results were disclosed by the bank in a notification submitted to the Pakistan Stock Exchange (PSX).

During the period from January to March 2025, SBL’s PAT amounted to Rs166.85 million, a considerable drop from the Rs358.68 million recorded during the same months in 2024.

The bank’s Earnings per Share (EPS) stood at Re0.17 per share for the quarter, down from Re0.36 per share previously.

SBL’s net interest income for the period was Rs1.56 billion, less than the Rs1.86 billion reported for the equivalent timeframe in the prior year.

Conversely, the bank witnessed an increase in foreign exchange income, which rose from Rs216.77 million to Rs231.59 million during the quarter.

Overall, SBL’s total income experienced a 10% decline, falling from Rs2.18 billion in Jan-March of the preceding year to Rs1.94 billion in the same months of 2025.

Previously, Samba Bank announced intentions last month to transition from a traditional bank to an Islamic banking model.

According to a notification to the PSX, “The board of Samba Bank Limited has given its in-principle approval to the conversion plan from conventional to Islamic bank.”

The bank further stated that the preliminary conversion strategy from conventional to Islamic banking would be presented to the State Bank of Pakistan (SBP).