Karachi, March 7, 2026 – Bank Makramah Limited has successfully recovered over Rs4 billion from Omni Group, part of a total Rs10.17 billion exposure, through the sale of shares, the bank disclosed in its financial results for the year ended December 31, 2025.
The bank’s non-performing loan (NPL) portfolio included a reversal of Rs9,779.399 million on its exposure to Omni Group, comprised of advances of Rs8,844.298 million and investments of Rs803.601 million. The recoveries mark a significant step in reducing the bank’s NPLs and strengthening its balance sheet.
On January 25, 2025, the Civil Court, Islamabad, issued a decree in favor of Bank Makramah for the recovery of Rs10.17 billion from Omni Group. The recovery process involves the sale of 1,635,766,406 shares held by M/s Suroor Investment Limited, through an auctioneer appointed by the court on July 18, 2025.
As of December 31, 2025, the auctioneer had sold 664,473,583 shares, generating a total consideration of Rs4,018.225 million, recovering approximately 41.09% of the bank’s exposure. Given the secured and liquid nature of the settlement method and the court-directed transfer of proceeds, management considers recovery of the remaining shares highly probable.
This successful partial recovery has enabled Bank Makramah to fully reverse the provision on Omni Group’s exposure, in line with the bank’s accounting policy and prudential regulations, signaling improved asset quality and strengthened financial stability.
The bank remains committed to pursuing remaining recoveries efficiently while ensuring compliance with regulatory frameworks, bolstering confidence among shareholders and market participants.