LAHORE (PR) : Soneri Bank Limited posted a pre-tax profit of Rs 833.24 million for the first half year ended 30 June, 2013. The Board in its 131st meeting held on 20 August, 2013, approved the Bank’s half yearly financial statements.

During the first half year Bank’s total revenue amounted to Rs 3.49billion, which is up by 11.68% from the last year’s comparative figure of Rs 3.13billion.The deposit momentum continued, registering growth of 11.12 percent in the half year, to close at Rs.134.27 billion (December 2012: Rs 120.83 billion). Net advances also grew by a remarkable 7.97 percent and stand at Rs 82.95 billion (December 2012: Rs 76.83 billion). Consequently, the net asset of the bank stood at Rs 13.03 billion at end of first half year being 5.65 percent higher than 2012 base of Rs 12.33 billion.