Karachi: Soneri Bank Limited has reported a decline in its profits for the first half of 2026, with financial results approved by its Board of Directors in their 217th meeting held on August 19, 2026. The meeting took place at the PNSC Building in Karachi. The bank's financial statements, covering the period ending June 30, 2026, were released without any announcement of cash dividends, bonus shares, or rights shares.
The financial results revealed that Soneri Bank's total assets increased to 885.73 billion rupees as of June 30, 2026, up from 852.48 billion rupees at the end of December 2025. This growth was largely driven by an increase in investments and advances, which rose to 509.11 billion rupees and 235.84 billion rupees respectively. However, the bank's cash and balances with treasury banks fell to 49.98 billion rupees from 60.33 billion rupees, while borrowings dropped significantly to 12.10 billion rupees from 61.64 billion rupees.
According to information available from the Pakistan Stock Exchange (PSX), the bank's total income for the half-year stood at 16.80 billion rupees, down from 17.81 billion rupees in the same period last year. The net mark-up or interest income decreased to 11.44 billion rupees, compared to 14.26 billion rupees for the first half of 2025. The bank's non-mark-up income, however, showed a notable increase, amounting to 5.37 billion rupees, up from 3.56 billion rupees.
Despite the increase in non-mark-up income, Soneri Bank's profit before taxation fell to 4.79 billion rupees from 6.68 billion rupees, and profit after taxation decreased to 2.40 billion rupees from 2.50 billion rupees, marking a moderate move. The decline in profit is attributed to higher operating expenses, which rose to 13.09 billion rupees from 11.02 billion rupees, and increased tax expenses of 2.40 billion rupees compared to 4.19 billion rupees in the prior year.
The bank's earnings per share also reflected the decreased profitability, with basic and diluted earnings per share at 2.1732 rupees, down from 2.2648 rupees in the same period last year.