SONERI BANK LIMITED

Introduction:
Soneri Bank Limited was incorporated in Pakistan on 28 September 1991 as a public limited
company under the Companies Ordinance, 1984. Its registered office is situated at Rupali House
241-242, Upper Mall Scheme, Anand Road, Lahore, Punjab and its shares are quoted on Pakistan
Stock Exchange Limited (formerly Karachi stock exchange limited). The Bank is engaged in
banking services as described in the Banking Companies Ordinance, 1962 and operates with 291
branches including 21 Islamic banking branches (31 December 2017: 290 branches including 19
Islamic banking branches) in Pakistan.

Mission:
We Provide Innovative and Efficient Financial Solutions to our Customers.

Vision:
To better serve customers to help them and the society grow.

Core Values
 We are Customer-centric
 We have High Moral Standards
 We take Ownership
 We are Proactive
 We Collaborate

Board of Directors:

Mr. Alauddin J. Feerasta

Chairman/Non-Executive Director

Mr. Mohammad Aftab Manzoor

President & Chief Executive Officer / Director
Mr. Nooruddin Feerasta
Non-Executive Director

Mr Amin A. Feerasta
Executive Director / Chief Operating Officer

Mr. Muhmmad Rashid Zahir

Non-Executive Director

Mr. Manzoor Ahmed

Non-Executive Director (NIT Nominee)

Mr. Inam Elahi

Independent Director

Mr. Jamil Hassan Hamdani

Independent Director

Credit Rating:

The Pakistan Credit Rating Agency (PACRA) has maintained bank’s credit rating of ;
 AA- for long term
 A1+ for short term
Products:

Soneri Ikhtiar Account:

Soneri Ikhtiar is the flagship current account which is ideally suited for businesses in search of a
convenient and feature-rich bank account to fulfil their daily banking needs. This account offers
numerous free facilities, including: Banker’s Cheque Issuance, Online Banking, Cheque Books,
Standard Master Debit Card and much more. In addition, Soneri Ikhtiar Account offers free
Worldwide Accidental Insurance and ATM Withdrawal Coverage to help protect customers and
their loved ones.

PLS Savings Account:

Basic deposit account with no minimum balance requirement. It can be opened with an initial
deposit of just PKR 100/-. The complete range of ADC services is offered on this account,
including: Standard Master Debit Card, Internet/Mobile Banking, Online Banking and SMS
Alerts.

Soneri Savings Account:

It is flexible and fast growing cumulative monthly profit account. The rate of profit on this
account increases with the account balance as per the defined tiers. The complete range of ADC
services is offered on this account.

Soneri Sahara Account:

A savings account for senior citizens to meet their basic banking needs. The account can be
opened singly or jointly (husband & wife) provided either of them is 60 years of age or above.
Our customers can enjoy high returns on their savings every month with the flexibility of
withdrawing profits anytime.

Soneri Rupee Term Deposits:

Soneri Term Deposits are for customers who intend to retain their savings for a fixed period and
earn a higher rate of profit. Term Deposits allow customers to save a fixed amount in Rupees for
a set period ranging from 1 month to 3 years at attractive profit rates. The depositor has the
option to reinvest the deposit automatically with or without profit.

Soneri Pensioners Account:

Soneri Bank branch network across Pakistan facilitates in opening of Pensioners Account.
Branches effectively coordinate with various pension disbursing departments to ensure hassle-
free disbursement/credit of pension in the respective pensioner’s account.
Soneri INSTA PAY:
Payroll Solution It is an efficient employee payroll solution for companies. The product is a
bundled proposition providing one-stop tailored solution, catering to the specific needs and
requirement of the client and its employees.

Soneri Current Account:

Soneri Current Account lets their customers enjoy a host of free banking services with no
restriction on the number of transactions. It also provides complete peace of mind with free
Worldwide Accidental Insurance and ATM Withdrawal Coverage. Basic Banking Account It is a
non-profit bearing account with no minimum balance requirement. Initial deposit for account
opening is Rs.1,000/-. Unrestricted number of withdrawals from the account through ATMs are
permissible subject to applicable per day withdrawal limit for amounts in force.

Soneri Asaan Account:

Soneri Asaan Account offers a simple and convenient way to fulfil all banking needs with
minimum documentation requirement. It is offered in both current and savings account types and
is suitable for self-employed individuals, students, housewives and daily wagers.

Soneri Diamond Deposits (Monthly Income Scheme):

Soneri Diamond Deposits provide investment opportunities to customers looking for additional
monthly income with an attractive return. Customers will earn monthly profit on their investment
for a period ranging from 1 to 3 years.

Soneri Roshan Munafa:

Soneri Roshan Munafa is a term deposit targeted towards Medium to High Net Worth
individuals, senior citizens, housewives and commercial and corporate entities looking for high
returns to meet their financial needs. This is a 1 year term deposit which can be booked with a
minimum amount of Rs. 50,000/- and a maximum amount of Rs.100,000,000/-. The rate
currently being offered on this product will be periodically updated as per the interest rate
scenario. This product also offers financing facility of up to 80% of the deposit amount.

Soneri Foreign Currency Accounts:

Soneri Foreign Currency Accounts Dealing in foreign currencies is no more a hassle. Soneri
Bank offers FCY Current, Savings and Term Deposit accounts to cater to the foreign currency
transactional and saving needs of the customers with a host of other features.

FCY Term Deposits:

Soneri Bank’s Foreign Currency Term Deposit offers competitive profit rates for any selected
term of up to 1 year. It is an ideal investment to help customers save in foreign currency and see
their deposit grow over time.

Soneri Speed Finance:

Soneri Speed Finance is focused towards providing quick and flexible financing solutions to its
customers while keeping their savings secure. This product is offered to Individuals, Small &
Medium Enterprises, commercial and corporate businesses for meeting their business needs. It
has been designed to provide hassle-free and swift financing solutions to meet both the short and
long term financing needs of the customer. It is primarily secured against liquid security
including Soneri Bank’s deposits (LCY & FCY Term Deposits, Cash Margin, Lien on Account)
and Government Securities (DSC/SSC/RIC).

Soneri Car Finance:

Customer can become the owner of a brand new car through Soneri Car Finance Scheme. Soneri
Bank offers Car Finance facility up to Rs.3 million, repayable up to 5 years in equal monthly
instalments. Option of used and reconditioned cars is also available. Processing of application is
fast and hassle-free with partial payment and early settlement options.

Soneri Personal Finance:

An easy solution to customer’s cash needs – they can turn their dreams into reality via Soneri
Personal Finance Scheme. Soneri Bank offers Personal Finance up to Rs.500,000/-, repayable up
to 5 years in equal monthly instalments to meet personal financial needs. Option of partial
payment and early payment also available.
Agriculture contributes a handsome share in GDP of our country & livelihood of a large number
of rural population is based on this. Soneri Bank offers various Agriculture Financing Products –
conventional as well as Islamic for the Farming/Rural communities to meet their working
capital/development needs. All these products help them grow their agriculture produce &
livelihood. Following Agriculture Financing Products are available for the uplifting of Agri
Economy:
· Farm Production Loans – Revolving Credit · Farm Development Loans · Tractor & Implements
Loans– Dairy Farming · Non-Farm Development Loan · Non-Farm Working Capital Loan –
Poultry Farming – Fish Farming – Cattle Farming · Value Chain – Contract Farmers Financing ·
Mustaqeem Tractor loans etc.

Home remittance:
Soneri Bank under guidance of Pakistan Remittance Initiative (PRI) (a joint venture of State
Bank, Ministry of Finance and Ministry of Overseas Pakistanis, Pakistan), started Home
Remittance Payments Disbursement Initiative in July – 2012. In a very short span of time, Soneri
Bank managed to make a positive contribution towards Home Remittance Business. Soneri Bank
has recognised the potential in Home Remittance business and therefore brands its business with
the service name of ‘Soneri Mehnat Wasool Remittance’. Soneri Mehnat Wasool Remittance
offers services for overseas Pakistanis to send money home fast and free at no cost across
Pakistan. With branch network of over 290 branches in 130 cities, Soneri Bank has already
established the relationship with many Global Exchange Companies i.e. Moneygram, RIA
Money Transfer, Cash Express, Small World, Xpress Money in different regions of Gulf
Countries, UK, America and Canada to facilitate its customers.
Alternative Delivery Channels:

ATMs:
ATMs With a growing network of 300+ ATMs across the country, their customers can
conveniently withdraw cash and avail ancillary services through ATMs.
Soneri Debit Card:
Soneri Debit Card Shop and pay conveniently throughout more than 25 Million merchants and
more than 1 Million ATMs for Cash Withdrawal Facility all around the world

Internet Banking:
Internet Banking Real Time Balances, Account Statements, Funds Transfers, Utility Bills
Payments and many more.

Mobile Banking:
Mobile Banking services are there so that customers can have access to their accounts anytime
and anywhere via mobile phones. customers can view account statements, perform funds
transfer, get mobile top-ups and also pay their your utility bills on the go

SMS Alerts
Customers can now get SMS Alerts on their Financial Transactions, and can also get an early
intimation of any unauthorised transaction to safeguard their hard earned money.

Phone Banking:
Customers can meticulously access their accounts 24/7 with services using Soneri Phone
Banking, including ATM Debit Card Replacement, Stop Cheque Request, Banker’s Cheque,
ATM Debit Card Account Linking/De-Linking, Cheque Book request, E-Statement & Account
Statement request. Simply dialling +92-21-111-SONERI (766374) can give a lot of ease to
customers.
SWOT Analysis: