Soneri Bank Earnings Slip 22% in H1 2025 Despite Income Growth
Soneri Bank reported a 22% drop in profit after tax to Rs 2.49 billion for H1 2025, despite 14% growth in income. Rising expenses, tax pressures, and weaker forex earnings weighed on results.
Soneri Bank and MG Motors Launch Competitive Auto Financing Package with Unmatched Customer Benefits
Soneri Bank and MG Motors Pakistan have introduced a competitive auto financing package with rates starting at 1-Year KIBOR + 2%. Customers benefit from low insurance, full waivers on fees and penalties, and access to MG HS and HS PHEV models. The partnership combines financial innovation with eco-friendly mobility, offering affordability and convenience to Pakistani car buyers.
PACRA Maintains Strong Ratings for Soneri Bank Amid Robust Growth and Strategic Expansion
PACRA has reaffirmed its long-term rating of ‘AA-’ and short-term rating of ‘A1+’ for Soneri Bank Limited, highlighting its strong growth in deposits, digital transformation, and improved asset quality amid industry-wide challenges.