Soneri Bank

The Soneri Bank Limited is a Pakistani bank based in Karachi, Sindh, Pakistan.[2][3] Its head office is located in the PNSC Building. It is a mid-sized bank having about over 400+ branches country-wide. Soneri Bank started its operation in the year 1992.

Soneri Bank Limited
PSX: SNBL
Founded28 September 1991 (1991-09-28)
HeadquartersKarachi, Sindh, Pakistan
Key people
Alauddin J. Feerasta (Chairman)
Products
  • Loans
  • Debit Cards
  • Savings
  • Consumer Banking
  • Business Banking Banking
RevenueIncrease Rs. 152.28 billion (US$530 million) (2021)[1]
Increase Rs. 2.85 billion (US$9.9 million) (2021)[1]
Total assetsIncrease Rs. 579.489 billion (US$2.0 billion) (2021)[1]
Number of employees
4,000+ (2022)[1]
Websitesoneribank.com
Soneri Bank headquarters are on the 9th and 10th floor of the PNSC Building in Karachi

Products/Services

Retail Banking

Soneri Bank provides Pakistani customers a wide range of retail banking services, including current accounts, savings accounts, SME financing, Ikhtiar account, Asaan account, Basic banking account, Sahara account, Rupee term deposit account, Foreign currency account, Real time gross settlement, Youngster minor saving account, safe deposit lockers, consumer finance, Wealth management, Agricultural financing, pensioners account, consumer finance, Bancassurance, deposit lockers, electronic banking, and SMS alert services.

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.

Banking

Soneri Bank also provides Islamic banking where all the banking needs of the customers are fulfilled with Shariah-compliant solutions.[4]

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.[5]

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.[6]

Islamic Banking

Soneri Bank has recently started Islamic Banking services which include Financing products, SME banking, Safe deposit lockers.

Associated Companies

Soneri bank is associated with these companies:[7]

  • 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).[1]

References
  1. SB Annual Report 2021 soneribank.com
  2. "Soneri Bank flaunts impressive profits - first Quarter 2015 Results".
  3. "Soneri Bank impresses - Annual Results for Year 2014".
  4. "Islamic Banking". Soneri Bank Limited.
  5. "Foreign Exchange Services". Soneri Bank Limited.
  6. "2018 CSR initiatives". Soneri Bank Limited.
  7. "Corporate Information". Soneri Bank Limited.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.