The Board of Directors of Soneri Bank Limited, in their 200th meeting held in Karachi on Monday, approved the Bank’s condensed interim financial statements for the nine months ended 30 September 2023.
The Bank posted impressive growth in earnings with Profit before Tax (PBT) reported at Rs. 8,437 million for the nine months period ended 30 September 2023 as against Rs. 3,348 million earned for the comparative period last year; which signifies a 152.01 percent year on year growth.
Profit after Tax (PAT) for the current period also surged to Rs. 4,145 million as against Rs. 1,295 million for the comparative period last year, translating to a growth of 220.04 percent year on year. The Bank’s EPS was reported at Rs. 3.7595 per share for the current period, as compared to Rs. 1.1747 earned for the comparative period last year.
Fund based income continued to improve at the back of improved spreads and prudent asset and liability management and the Bank’s Net Interest Income (NII) grew by 107.52 percent to Rs. 16,101 million for the current period, as against Rs. 7,759 million reported for the same period last year.
Non markup income (NMI) for the period also registered a growth of 14.58 percent, with NMI reported at Rs. 4,660 million as against Rs. 4,067 million for the comparative prior period.
