Samba Bank has confirmed Rashid Jahangir as its new president and chief executive officer, marking a smooth transition from his previous role as acting CEO. The board approved the appointment during its 133rd meeting on February 17, 2026, and Jahangir will assume the role full-time once regulatory approvals are in place. This move reflects the bank’s focus on stable leadership while navigating a rapidly evolving banking sector.
Rashid Jahangir brings more than 23 years of banking experience to the position. He joined Samba Bank in January 2016 as Chief Financial Officer and quickly became a key member of the executive team, shaping financial strategy and operational management. Over the years, he has gained expertise in strategic planning, digital transformation, taxation, human resources, and overall business management. His leadership extended to supervising essential operational functions and contributing to major transformation initiatives across the bank.
A chartered accountant by profession, Rashid Jahangir has served multiple terms on the Banking and Finance Committee of the Institute of Chartered Accountants of Pakistan. He is also a certified director recognized by the Pakistan Institute of Corporate Governance.
In the same board meeting, Samba Bank shared its financial results for the year ending December 31, 2025. The bank reported a profit after tax of Rs. 727.2 million, a modest rise from Rs. 699.3 million the previous year. Despite this growth, the board decided not to distribute cash dividends, bonus shares, or right shares to stockholders.
Total assets expanded notably, reaching over Rs. 206 billion compared to Rs. 182 billion in 2024. This growth was fueled by higher customer deposits, which rose to Rs. 118.9 billion, alongside increased lending and investments. Earnings per share, both basic and diluted, edged up to Rs. 0.72 from Rs. 0.69 in the previous year.
