Soneri Bank Limited posted profit before tax of Rs 2,048.66 million and profit after tax of Rs 1,175.51 million for the half year ended 30 June 2016. These amounts are higher than the corresponding period last year by 7.07 percent and 6.13 percent respectively. The Board in its 150th meeting held on 16th August 2016, approved the Bank's half yearly financial statements.
During the period deposits grew by 9.18 percent closing at Rs 202.22 billion (December 2015: Rs 185.22 billion). Net advances grew by 3.47 percent to Rs 115.88 billion (December 2015: Rs 112.00 billion).The Bank's net assets (including surplus) amounts to Rs 18.07 billion as at 30 June 2016. The Bank continues to follow a prudent policy of making provisions against infected loan portfolio in line with regulatory requirements Soneri Bank has a unique market position in trade-finance and transactions banking services and boasts a loyal and satisfied client-base in all its 277 branches all over the country.-PR