Soneri Bank Limited posted a profit before tax of Rs.2.167 billion and profit after tax of Rs 1.294 billion for the nine month's period ended 30 September2018. The same are 3.22 percent and 5.06 percent higher than the corresponding period last year. Earnings per share of the Bank stood at Rs 1.1734 which is also 5.06 percent higher than corresponding period of 2017. The Board in its 164th meeting held on 26th October 2018, approved the Bank's un-audited condensed interim financial statements for the nine month's period ended 30 September 2018.
During the period, deposits grew by 6.11 percent closing at Rs 241.229 billion (December 2017: Rs.227.348 billion). Net advances grew by 5.70 percent to Rs 173.607 billion (December 2017: Rs 164.293 billion). The Bank's net assets (including surplus) amount to Rs 18.172 billion as at 30 September 2018.
The Bank has successfully transformed its Core banking system in the second quarter of 2018.Soneri Bank continues to operate with adequate liquidity and capital adequacy levels.-PR
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