Soneri Bank Limited posted a pre-tax profit of Rs 1.75 billion for the nine months ended 30 September 2014. The Board in its 139th meeting held on 23 October, 2014, approved the Bank’s third quarterly financial statements. On this occasion, Chairman Alauddin Feerasta appreciated the Bank’s continued positive performance during the third quarter and expressed satisfaction on the overall scale of growth.
During the period, Bank’s total revenue amounted to Rs 6.56 billion which is up by 22.13 per cent from the last year’s comparative figure of Rs.5.37 billion. The deposits momentum continued registering a growth of 7.00 per cent over 2013 to close at Rs 150.43 billion (December 2013: Rs 140.58 billion).
The Board was briefed that the Bank’s strategy of strong focus on the overall loan book and proactive management of non-performing loans was proving fruitful and provisions were also down during the nine months period 2014 as compared to the last year’s comparative figure.
