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Soneri Bank

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Soneri Bank Limited
PSXSNBL
Founded28 September 1991; 33 years ago (1991-09-28)
Headquarters,
Pakistan
Key people
  • Amin A. Feerasta (Chairman)
  • Muhtashim Ahmad Ashai (CEO)
Products
  • Loans
  • Debit Cards
  • Savings
  • Consumer Banking
  • Business Banking Banking
RevenueIncrease Rs. 29.21 billion (US$100 million)[1] (2023)
Increase Rs. 12.35 billion (US$43 million)[1] (2023)
Increase Rs. 6.07 billion (US$21 million)[1] (2023)
Total assetsIncrease Rs. 658.56 billion (US$2.3 billion)[1] (2023)
Total equityIncrease Rs. 28.61 billion (US$99 million)[1] (2023)
Number of employees
4,170[1] (2023)
Websitewww.soneribank.com

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 rapidly growing, mid-sized bank having over 500+ branches country-wide. Soneri Bank started its operation in the year 1992.

Leadership

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Amin A. Feerasta is Chairman of the Bank.[4][5]

Products/Services

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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.

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.[6]

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 500+ branches of the bank.[7]

Islamic Banking

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Soneri Bank has recently started Islamic Banking services which include financing products, SME banking and safe deposit lockers.

Associated Companies

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Soneri bank is associated with these companies:[8]

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

References

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  1. ^ a b c d e f "Soneri Bank Annual Report 2023" (PDF). soneribank.com. Retrieved 27 March 2024.
  2. ^ "Soneri Bank flaunts impressive profits - first Quarter 2015 Results".
  3. ^ "Soneri Bank impresses - Annual Results for Year 2014".
  4. ^ "Soneri Bank names Amin A. Feerasta as new Chairman". Mettis Global Link. 7 June 2024. Retrieved 7 June 2024.
  5. ^ Desk, News (7 June 2024). "Amin A. Feerasta appointed as new chairman of Soneri Bank". Profit by Pakistan Today. Retrieved 7 June 2024. {{cite web}}: |last= has generic name (help)
  6. ^ "Islamic Banking". Soneri Bank Limited.
  7. ^ "Foreign Exchange Services". Soneri Bank Limited.
  8. ^ "Corporate Information". Soneri Bank Limited.