KARACHI: The Pakistan Credit Rating Agency Limited (PACRA) has announced an upgrade in the entity ratings of Soneri Bank Limited, reflecting a positive shift in the bank’s financial standing. As of June 30, 2026, the long-term rating has been elevated to AA from the previous AA-, while the short-term rating remains steady at A1+. The outlook is classified as stable, demonstrating a robust confidence in the bank’s future performance.
The announcement, dated July 2, 2026, outlines PACRA’s recognition of Soneri Bank’s strengthened liability franchise and sustained earnings momentum. These factors, along with enhanced profitability and significant advancements in trade finance, contributed to the rating upgrade. The bank’s strategic improvements in its low-cost deposit mix and notable growth in both funded and non-funded income streams have been pivotal. Furthermore, its expanding digital banking capabilities and increasing trade business volumes highlight a strong business momentum.
According to information available from the Pakistan Stock Exchange (PSX), Soneri Bank’s improved asset quality and prudent risk management are key elements underscoring the upgrade. The bank’s focus on market expansion, customer service excellence, and its strategic emphasis on digital transformation are set to drive future growth in non-funded income, particularly through an escalating trade finance sector.
PACRA acknowledged Soneri Bank’s continued expansion in both conventional and Islamic banking. This strategic focus, coupled with a commitment to scaling up trade finance operations, is anticipated to further bolster the bank’s financial resilience and growth trajectory in the competitive banking sector.