LAHORE (PR) - The annual accounts of Soneri Bank for the year ended December 31, 2009 were approved by shareholders at the 18th AGM held here March 30. The meeting was chaired by Alauddin Feerasta. During the year, the trade finance business handled was for Rs 148 billion, Advances registered a marginal growth of around 5 percent whereas deposits grew by about 20pc. Equity stands at Rs 7.803 billion and total Assets Rs 95 billion at the close of year. In order to meet the Minimum Capital Requirement (MCR) of the State Bank of Pakistan, the Board of Directors in its meeting held on 21st November, 2009 had approved to issue 20 Right Shares for every 100 shares held, i.e., 20pc at par of Rs 10 each which have been fully subscribed. Shareholders expressed satisfaction on the performance of the bank and the meeting concluded with a vote of thanks to the Chair.