Shareholders of Soneri Bank approve 2022 results.

LAHORE -- The annual audited financial statements of Soneri Bank LimAited for the year ended DecemAber 31, 2022 were approved by the shareholders of the bank in their 31st AGM held in Lahore and through video-link via Zoom on Monday. The meeting was chaired by Alauddin Feerasta, Chairman of the Board, with Muhtashim Ahmad Ashai, PresiAdent and Chief Executive Officer, and other members of the Board of Directors also in attendance.

The bank posted profit before tax (PBT) of Rs. 4,554 million and profit after tax (PAT) of Rs. 1,883 million in the year 2022, as compared to Rs. 5,149 million and Rs. 2,854 million respectiveAly in 2021. Earnings per share (EPS) for the year were reported at Rs. 1.71 per share for the curArent year, as compared to Rs. 2.59 for the comparative prior year. During the meeting, the shareAholders approved the final cash dividend for the year ended 31 December 2022 @ 10.00 percent i.e. Rs. 1.00 per share, as recomAmended earlier by the Board of Directors. Briefing the shareAholders on the financial results, the President and CEO menAtioned that bank's net interest income for the year was reportAed at Rs. 11,267 million, increasAing by...