Annual meeting: Soneri Bank shareholders approve 2013 accounts
The bank declared Rs1,036.86 million after tax profit for 2013.
The bank declared Rs1,036.86 million after tax profit for 2013. PHOTO: MARIAM ESSA/EXPRESS
The annual financial statements of Soneri Bank Limited for 2013 were approved by the shareholders of the Bank in its 22nd Annual General Meeting (AGM) on Friday.
The meeting was presided over by Soneri Bank Chairman Alauddin Feerasta. The bank declared Rs1,036.86 million after tax profit for 2013.
During the year, the bank declared 10% bonus shares amounting to Rs1,002.24 million increasing the paid up capital to Rs10,023.28 million (net of discount), thus complying with the Minimum Capital Requirement of State Bank of Pakistan.
Briefing shareholders, the chairman said the annual results reflect sound growth in all areas of Soneri Bank’s operations.
Published in The Express Tribune, March 29th, 2014.
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