During the period deposits grew by 11.67 percent closing at Rs 234.43 billion (December 2016: Rs 209.93 billion). Net advances grew by 19.51 percent to Rs 149.75 billion (December 2016: Rs 125.31 billion).The Bank's net assets (including surplus) amounts to Rs 17.21 billion as at 30 June 2017. The Bank continues to follow a prudent policy of making provisions against infected loan portfolio in line with regulatory requirements
Soneri Bank has a unique market position in trade-finance and transactions banking services and boasts a loyal and satisfied client-base in all its 283 branches all over the country. The Bank is committed to meet the increasing expectations of its customers and continue to provide them par-excellence services, for which the Bank has been investing prudently in information technology, human resources, marketing and infrastructure.-PR
Copyright Business Recorder, 2017