KARACHI – Soneri Bank Limited posted profit before tax of Rs. 2,622.22 million and profit after tax of Rs.1,589.87 million for the nine months period ended September 30, 2015.
In terms of growth PBT is up49.86 percent and PAT by41.92 percent over corresponding period last year. The Board in its 146thmeeting held on Tuesday approved the Bank’s third quarter financial statements.
Chairman Alauddin Feerasta appreciated the Bank’s continued strong performance during the thirdquarter and expressed satisfaction with results.
The key drivers of higher net earnings were primarily revenue growth and managed expenses.
Bank’s revenue increased by 22.86 percent to Rs.8.06billion, from last year’s figure of Rs.6.56 billion whereas expenses increased just by 6.48 percent