Pakistan, Feb. 8 -- The Board of Directors of Soneri Bank Limited, in their 209th meeting held in Karachi on 7th February 2025 and chaired by Mr. Amin A. Feerasta, approved the Bank's financial statements for the year ended 31 December 2024.
The results reflect consistent and sustained growth in all areas as the Bank posted Profit before Tax (PBT) of Rs. 12,638 million and Profit after Tax (PAT) of Rs. 5,901 million for the year ended 31 December 2024, as compared to Rs. 12,357 million and Rs. 6,075 million respectively in the last year. This indicates a growth of 2.27 percent in PBT; despite a declining interest rate environment with sustained pressure on spreads. The PAT shows a meager decline of 2.87 percent due to additional tax incide...