Samba Bank Appoints Rashid Jahangir as President and CEO

Samba Bank has appointed Rashid Jahangir as its President and Chief Executive Officer.

The decision was approved by the Board of Directors in its 133rd meeting held on February 17, 2026. Jahangir, who had been serving as Acting President and CEO, will now take over the role on a full-time basis, subject to regulatory approvals.

The appointment signals continuity in leadership, as the bank moves forward with its strategic priorities amid a changing banking landscape.

Jahangir is an experienced banking professional with more than 23 years of industry experience. He joined Samba Bank in January 2016 as Chief Financial Officer and became part of the bank’s executive team, where he played a key role in financial strategy and operational management.

Over the years, he has built expertise across strategic planning, digital transformation, taxation, human resources, and business management. His leadership roles have also included overseeing key operational functions and contributing to the bank’s broader transformation initiatives.

A Chartered Accountant by profession, Jahangir has also served multiple terms on the Banking and Finance Committee of the Institute of Chartered Accountants of Pakistan and is a Certified Director from the Pakistan Institute of Corporate Governance.

Samba Bank also announced its financial performance for the year ending December 31, 2025, following a board meeting held in mid-February 2026.

Despite generating a profit after tax of Rs. 727.2 million, a slight increase from the previous year’s Rs. 699.3 million, the bank’s leadership decided not to issue any cash dividends, bonus shares, or right shares to its stockholders this time around.

The bank’s total assets grew significantly during the year, climbing to over Rs. 206 billion from approximately Rs. 182 billion the year before.

This growth was supported by a rise in customer deposits, which reached Rs. 118.9 billion, and an increase in bank lending and investments. On the earnings side, the bank reported a basic and diluted earnings per share of Rs. 0.72, up marginally from the Rs. 0.69 recorded in 2024.