Soneri Bank Limited
PPSX:SNBL18.83
PKR
-0.15
(-0.79%)
Soneri Bank Limited
PSX:SNBL
(Pakistan Stock Exchange)
Recent
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18.83
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- Soneri Bank Limited is a scheduled commercial bank in Pakistan engaged in providing conventional commercial banking, Islamic banking, retail banking, corporate and investment banking, treasury, and trade finance services to individual, small and medium-sized enterprise (SME), agricultural, corporate, and institutional clients. Incorporated in September 1991 and commencing operations in 1992, the bank is headquartered in Karachi, Pakistan, with its registered office in Lahore. The bank operates through four core business segments: Retail Banking, Corporate and Investment Banking, Islamic Banking, and Treasury and Financial Institutions. Its product and service portfolio includes deposit products such as current accounts, savings accounts, foreign currency accounts, and fixed-term deposits; consumer financing facilities including auto finance, home loans, and personal loans; corporate and commercial lending solutions comprising working capital loans, term finance, syndicated facilities, project financing, and export/import financing; trade services including letters of credit, bank guarantees, bills discounting, and collections; specialized SME and agricultural finance products covering farm and non-farm credit; wealth management and third-party bancassurance solutions; cash management, home remittance processing, and safe deposit lockers; treasury operations encompassing money market instruments, foreign exchange dealing, interest rate risk management, and government securities trading; and digital banking channels featuring the Soneri Digital mobile banking application, internet banking, debit card services, Raast instant payment integrations, QR payments, and WhatsApp banking. Through its dedicated Islamic banking division, Soneri Mustaqeem, the bank provides Shariah-compliant financing and deposit solutions based on Murabaha, Ijarah, Diminishing Musharakah, and Istisna contracts. In recent strategic developments, Soneri Bank has significantly expanded its physical and digital footprint across Pakistan, completing a record branch rollout of 126 new branches in a single operational year to bring its branch network to over 670 locations nationwide, alongside accelerating the conversion and addition of branches under its Soneri Mustaqeem Islamic banking platform. The bank also entered into a strategic distribution partnership with HBL Asset Management Limited to expand mutual fund and investment product offerings across its branch infrastructure, reinforced its capital base through the issuance and management of rated Additional Tier-1 Term Finance Certificates and Tier-2 instruments, and continued upgrading its core digital infrastructure to enhance transaction processing and retail payments.