Approval: Soneri Bank 2013 annual accounts
The bank declared Rs1,036.86 million after tax profit for the year ended December 31, 2013.
KARACHI:
The annual financial statements of Soneri Bank Limited for the year ended December 31, 2013 were approved by the shareholders of the bank in its 22nd Annual General Meeting. The meeting was presided over by Soneri Bank Limited Chairman Alauddin Feerasta. The bank declared Rs1,036.86 million after tax profit for the year ended December 31, 2013. During the year, the bank declared 10% bonus shares amounting to Rs1.00224 billion, 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. Presenting the results, the chairman said that key reasons for successful performance in 2013 were the increased focus on core area of activity, advances, deposits and trade which allowed the bank to enhance its earnings from both investments and foreign exchange sources.
Published in The Express Tribune, April 3rd, 2014.
The annual financial statements of Soneri Bank Limited for the year ended December 31, 2013 were approved by the shareholders of the bank in its 22nd Annual General Meeting. The meeting was presided over by Soneri Bank Limited Chairman Alauddin Feerasta. The bank declared Rs1,036.86 million after tax profit for the year ended December 31, 2013. During the year, the bank declared 10% bonus shares amounting to Rs1.00224 billion, 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. Presenting the results, the chairman said that key reasons for successful performance in 2013 were the increased focus on core area of activity, advances, deposits and trade which allowed the bank to enhance its earnings from both investments and foreign exchange sources.
Published in The Express Tribune, April 3rd, 2014.