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Soneri Bank earns Rs 750m profit
October 29, 2011
LAHO
RE Soneri Bank Limited posted a profit after tax of Rs 750.16 million for the third quarter period ended September 30, 2011. Total assets of the Bank closed at Rs 123,349.91 million, which are up 14.10pc from the December 2010 levels, says a press release. This growth was primarily driven by a 12.13pc rise in deposits, which as on September 30, 2011 amounted to Rs 91,968.45 million (Dec 2010: Rs. 82,016.81 million).
The Loan and Investment portfolio also registered a similar trend and posted a combined increase of 15.8pc over the December 2010 base. Consequently, the Net Interest Margins of the Bank improved by a remarkable 35.28pc growth in comparison to last years period.
on epaper page 17
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