The annual financial statements of Soneri Bank Limited for the year ended 31 December 2012 were approved by the shareholders of the Bank in its 21st AGM held on Thursday, 28 March 2013. The meeting was chaired by Mr. Alauddin Feerasta, Chairman of the Bank. Bank declared Rs.1, 104.19 million after tax profit for the year ended 31 December 2012 which is up from Rs.783.53 million for the year 2011. This was mainly driven by growth in net mark-up / interest income which registered a growth of 23.81 percent. During the year bank declared 11 percent bonus shares amounting to Rs.993.21 million increasing the paid up capital to Rs.9, 021.03 million, thus complying with the Minimum Capital Requirement of State Bank of Pakistan. The Chairman briefed the shareholders that the annual results reflect sound growth in all areas of Bank’s operations.
