The annual financial statements of Soneri Bank Limited for the year ended December 31, 2015 were approved by shareholders of the bank in its 24th annual general meeting on March 25. The bank declared Rs2.21 billion after-tax profit for the year. The shareholders also approved a cash dividend of Rs1.25 per share. Total deposits as reported in the annual audited accounts, reflecting a sound growth of 13.46%, closed at Rs185.22 billion while net advances at the end of the year 2015 amounted to Rs112 billion, up 3.74%.
Published in The Express Tribune, March 29th, 2016.
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