Soneri Bank

Soneri Bank Limited
Company type	Public
Traded as	PSX: SNBL
Industry	Banking; Islamic Banking
Founded	28 September 1991; 32 years ago
Headquarters	Karachi, Sindh, Pakistan
Key people	Alauddin J. Feerasta (Chairman)
Products	Loans; Credit Cards; Debit Cards; Savings; Consumer Banking; Business Banking; Islamic Banking;
Revenue	Rs. 152.28 billion (US$530 million) (2021)
Net income	Rs. 28.5 billion (US$99 million) (2021)
Total assets	Rs. 579.489 billion (US$2.0 billion) (2021)
Number of employees	3,290 (2021)
Website	soneribank.com

The Soneri Bank Limited is a Pakistani bank based in Karachi, Sindh, Pakistan.^[5]^[6] Its head office is located in the PNSC Building. It is a mid-sized bank having about over 360 branches country-wide. Soneri Bank started its operation in the year 1992.

Products/Services

Retail Banking

Soneri Bank provides Pakistani customers a wide range of retail banking services, including current accounts, savings accounts, SME financing, Agricultural financing, pensioners account, consumer finance, Bancassurance, deposit lockers, electronic banking, and SMS alert services. Credit Cards Debit Cards Corporate And Investment Banking

Soneri Bank offers the businessmen and entrepreneurs Corporate and Investment Banking based on their business's needs and required finances. In this regard, Soneri Bank offers investment banking services, cash management services, supply chain financing, working capital financing, and long-term financing.

Islamic Banking

Soneri Bank also provides Islamic banking where all the banking needs of the customers are fulfilled with Shariah-compliant solutions.^[7]

Foreign Exchange Services

With Soneri Bank's Home Remittance services, customers from across 127 cities in Pakistan can receive remittances easily, open a foreign trade account, and avail of currency exchange services from any of the 266 branches of the bank.^[8]

Supreme Prioity

Corporate social responsibility

The ideology that Soneri Bank follows is inspired by the Sun — as it shines on each and every individual, without discrimination. With their ‘Roshan Har Qadam’ scheme, Soneri Bank has taken several initiatives to empower the people of Pakistan. This year, they are focusing their efforts on the development of health, education, and community development sectors. Other initiatives include the promotion of sports, arts, and women empowerment.^[9]

Associated Companies

Soneri bank is associated with these companies:^[10]

Rupali Polyester Limited
Rupali Foods (Pvt.) Limited
Rupafil Limited
Rupafil PowerGen (Pvt.) Limited
Spintex Limited
Rupali Nylon (Pvt.) Limited

Online banking

Online banking allows customers to deposit cash, pay bills, stop payments, access account statements, funds transfer, etc.

It is one of the fastest-growing mid-sized banks of Pakistan, reaching urban and as well as rural areas of the country.

Financial Performance

For the year ended December 31, 2021, Soneri Bank has posted profit after tax (PAT) of Rs. 2.85 billion (US$9.9 million).^[11]

References

External links

Official website

[1] ttps://www.soneribank.com/wp-content/uploads/2022/03/SB_Annual_Report_2021.pdf ^{[bare URL PDF]}

[2] ttps://www.soneribank.com/wp-content/uploads/2022/03/SB_Annual_Report_2021.pdf ^{[bare URL PDF]}

[3] ttps://www.soneribank.com/wp-content/uploads/2022/03/SB_Annual_Report_2021.pdf ^{[bare URL PDF]}

[4] ttps://www.soneribank.com/wp-content/uploads/2022/03/SB_Annual_Report_2021.pdf ^{[bare URL PDF]}

[5] Soneri Bank flaunts impressive profits - first Quarter 2015 Results

[6] Soneri Bank impresses - Annual Results for Year 2014

[7] Islamic Banking

[8] Foreign Exchange Services

[9] 2018 CSR initiatives

[10] Associated Companies

[11] ttps://www.soneribank.com/wp-content/uploads/2022/03/SB_Annual_Report_2021.pdf ^{[bare URL PDF]}

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