The Board of Directors of Soneri Bank Limited approved the condensed interim financial statements for the nine months ended 30 September 2025, in its 212th meeting held in Karachi on 22 October 2025.
Despite the decline in interest rates, the results reflect stability and consistent performance. The Bank recorded a Profit Before Tax (PBT) of PKR 9,604 million and a Profit After Tax (PAT) of PKR 3,304 million for the nine-month period ended 30 September 2025, compared to PKR 9,734 million and PKR 4,766 million, respectively, for the same period last year. Earnings Per Share (EPS) stood at PKR 2.9968 for the current period, compared to PKR 4.3228 in the corresponding period of 2024. The decline in profitability was primarily due to the additional taxes imposed on banking companies under the Income Tax (Amendment) Ordinance, 2024, which resulted in an effective tax rate of 65.60% (30 September 2024: 51.04%).
Net interest income grew by 11.47%, rising from PKR 18,836 million in the previous period to PKR 20,997 million, driven by higher business volumes. Non-interest income increased substantially by 24.76%, reaching PKR 6,518 million compared to PKR 5,225 million last year. The increase was mainly due to higher fee and commission income and gains on securities, partially offset by a reduction in foreign exchange income. As a result, the Bank’s total income grew by PKR 3,454 million (14.36%) over the previous period.
Non-markup expenses for the nine-month period amounted to PKR 17,833 million, compared to PKR 14,520 million last year, reflecting an increase of 22.82%. Despite inflationary pressures and the Bank’s branch expansion plan, expense growth remained contained due to strict cost control measures and prudent policies. Continuing its strategic expansion, the Bank now operates a network of 618 branches (31 December 2024: 544 branches).
Customer deposits increased by 15.83%, rising from PKR 543,146 million as of 31 December 2024 to PKR 629,128 million as of 30 September 2025. The CASA mix improved to 83.74% compared to 81.94% at the end of 2024. The cost of deposits decreased significantly to 7.17% from 13.85% in the previous period.
As of 30 September 2025, the Bank’s net advances portfolio stood at PKR 194,090 million, compared to PKR 241,738 million in the same period last year. Net investments increased by PKR 115,638 million (30.09%), from PKR 384,306 million at year-end to PKR 499,944 million.
The Non-Performing Loans (NPL) to Total Advances ratio increased to 4.30% (31 December 2024: 3.16%), with specific coverage at 87.44% (31 December 2024: 90.02%). Overall coverage, including expected credit loss provisions under IFRS 9 (Stages 1 and 2), was recorded at 95.10%.
The Bank remained well-capitalized with a Capital Adequacy Ratio (CAR) of 16.29% as of 30 September 2025.
Soneri Bank continues to pursue a customer-centric business strategy, delivering tailored and effective financial solutions to meet evolving client needs while focusing on maximizing shareholder value across all business segments.
