May 06 -12, 2002
Incorporated on September 28, 1991 the first branch
of Soneri Bank Limited formally opened doors for operations in Lahore
on April 16, 1992 followed by Karachi Branch on May 09, 1992. The Bank
now operates with 30 branches spread all over Pakistan including the
Northern Areas of the country where no other private bank has ventured
so far. Expansion of branches is based on a policy of maintaining a
balance between the urban and rural areas with a view to offering
services even in the remote areas of Pakistan. Pleasant and
sophisticated atmosphere has been provided in the branches which are
all fully air-conditioned and computerised.
The Sponsors: The
Sponsor Directors are from M/s. Rupali Polyester Limited who enjoy
excellent reputation in the country both professionally and
financially and who have invested over Rs. 10 Billion approximately in
various industrial and commercial projects of the country.
|
Financial Highlights |
|
(Rs.
in Million) |
2001
|
2000 |
|
Share-Holders Equity |
1,556 |
1,249 |
|
Deposits |
16,054 |
14,029 |
|
Financing to Customers |
10,199 |
10,931 |
|
Investments & Lendings
to/ |
6,617 |
6,250 |
|
Placements with Financial
Institutions |
|
|
|
Total Assets |
20,541 |
20,117 |
|
Pre-Tax- Profit |
551 |
394 |
|
Import & Export Business |
50,056 |
39,115 |
|
No. of Accounts |
128,598 |
111,236 |
|
Pay
out to share-holders has been |
|
1993 |
10 percent Right Shares |
|
1994 |
15 percent Bonus Shares |
|
1995 |
15 percent Cash Dividend |
|
1996 |
17.5 percent Cash Dividend |
|
1997 |
20 per cent Bonus Shares |
|
1998 |
10 per cent Interim Bonus
Shares |
| |
10 per cent Final Cash
Dividend |
|
1999 |
25 per cent Bonus Shares |
|
2000 |
25 per cent Bonus Shares |
|
2001 |
30 per cent Bonus Shares |
The Management:
The President & Chief Executive of the Bank Mr. Safar Ali K
Lakhani, a carrier banker with experience spread over a period of more
than 35 years, has had extensive exposures to domestic and
international banking both at home and abroad. He has a team of
professional and experienced bankers to assist him.
Service: Soneri
Bank offers a full range of Corporate, Treasury and Retail Banking
Services with emphasis on Trade-related services to importers and
exporters. The essence of business philosophy is to cater to the
banking requirements of small & medium sized entrepreneurs,
providing them qualitative & competitive services. Emphasis is on
encouraging exports and major portion of the advances portfolio of the
bank is related to export financing.
Mindful of the requirements of automation the bank
has started Soneri Tele-Banking Service & has installed its own
ATMs at important locations in Karachi Lahore, Islamabad &
Hyderabad. The bank has also joined the first live shared ATM Switch
with leading banks which will provide access through 90 ATMs operating
in 10 major cities of the country. Soneri Bank has successfully
launched its own Rupee Travellers Cheques and also On-Line Banking
services providing on the spot banking facilities to its customers
through its branches all over Pakistan.
International Relations:
The extensive correspondent network and the excellent relations
maintained have proved valuable in bank's efforts in conducting
international banking business. The bank was able to handle trade
finance business of over Rs. 50 Billion in 2001. (approx. over U.S.$.
830 Million). Major international banks like Citibank, ABN-AMRO,
Standard Chartered, American Express, HSBC etc. have made available
substantial credit lines to the bank.
International Finance Corporation in partnership
with ABN-AMRO Bank have structured a Trade Enhancement Facility for
U.S.$. 100 Million for Pakistan in which Soneri Bank is one of the six
participating banks selected by I.F.C.
Human Resource Development
and Training Programme: Great emphasis is laid on the
development of human resources. The bank regularly sends officers and
executives to attend Banking Seminars both inside the country and
abroad. Foundation courses for the new entrants in banking are a
continuing features in our academy.
| Corporate
Data |
|
Board of
Directors |
Company
Secretary |
|
Mr. Abdul Hayee |
|
Chairman |
|
|
Mr. Jafferali M. Feerasta |
Auditors |
|
Taseer Hadi Khalid & Co. |
|
Chief
Executive |
Chartered Accountants |
|
Mr. Safarali K. Lakhani |
|
|
Legal
Advisors |
|
Directors |
Mandviwalla &
Zafar,
Advocates |
|
Mr. Badruddin J. Feerasta |
Tahir Ali Tayebi & Co.,
Advocates |
|
Mr. Amin A. Feerasta |
Shaikh Atta-Ur-Rehman &
Associates, |
|
Mr. Nooruddin B. Feerasta
(Jr.) |
Advocates |
|
Mr. Abdul Hayee |
|
|
Mr. Asadullah Khawaja
(Icp
Nominee) |
|
|
Mr. Hasan A. Bilgrami (Nit
Nominee) |
|
|
