On 28 September, 1991 the bank was formally integrated and opened its first branch in Karachi on 9th May, 1992, after its remarkable achievements bank commenced its further operations by launching its branch in Lahore on 16th April 1992. It is one of the leading commercial banks in Pakistan. Head office of Soneri bank is in Karachi. The bank has introduced lingering network of 233 branches and have almost 258 ATMs across the country. The bank is trying to provide its network facilities in rural and urban areas, with a strong occurrence across the country.
Soneri Bank provides proficient and innovative solutions to their consumers to meet their expectations. Rupali Polyester Limited, Rupafil Limited, Spintex Limited and Rupali Nylon (Pvt) Limited are the share holders of Soneri Bank. Bank offer their costumers a wide range of banking services and products to accomplish their long term financial requirements. More over, they suggest advisory, debt deferment and capital market needs for their respected clients.
Riba-free banking is a product which not only accommodates the modern banking needs, but also provides room to Shariah complaint, so this bank gives you the best of both worlds. The financial products that bank offer include Ijara, Salam, Murabaha, Trade finance, Diminishing Musharaka and Letter of Credit Guarantees. The bank is the trading symbol of all Stock Exchanges which includes Lahore, Karachi and Islamabad stock exchange. State Bank of Pakistan is the regulatory body of Soneri Bank.
On 31st December 2012, declared an estimated revenue of about Rs. 1,104.19 million after the annual tax profit ended which was 23.81 percent more than the profit of the last year that was 2011. During 2012 bank affirmed 11 percent bonus share which was about Rs. 993.21 million and that was the Minimum Capital Requirement of State Bank of Pakistan. Money Gram and Soneri Bank Limited have joined hands to provide better facility to the costumer and this facility is available in more than 214 branches across the country.
Soneri Bank has been ranked at number second as the best bank in Pakistan in 2011 by CFA Association, this reward was given due to their inspiring presentation and registered augmentation made by the bank. Soneri Bank has been rated “AA-/A1+” by PACRA. The chairman of the bank is Mr. Alauddin Feerasta and Mr. Muhammad Aftab is the president and CEO. The official website of the bank is www.soneribank .com. Soneri Bank intends to sustain its focus on investing more in technology, branch upgrades and human resources to meet consumer expectations in an increasingly competitive environment.