Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has officially upgraded the Tier 2 Capital Term Finance Certificate (TFC) rating for Soneri Bank Limited, indicating a marked improvement in the bank's financial standing and operational capabilities. The announcement was made on July 2, 2026.

According to the revised ratings, the long-term debt instrument rating for Soneri Bank has been elevated from A+ to AA-, with a stable outlook maintained. This upgrade reflects PACRA's positive assessment of Soneri Bank's strengthened liability franchise and sustained earnings momentum. The review, as of June 30, 2026, highlights significant advancements in the bank's profitability and trade finance operations.

PACRA attributed the enhanced rating to several factors, including the bank's improving low-cost deposit mix, robust growth in both funded and non-funded income, and its expanding digital banking capabilities. Furthermore, the rise in trade business volumes is seen as a testament to the bank's strong business momentum. According to information available from the Pakistan Stock Exchange (PSX), Soneri Bank's strategic focus on digital transformation, market expansion, and customer service excellence has played a crucial role in its improved asset quality and prudent risk management.

The bank's efforts to expand its conventional and Islamic banking footprint have been acknowledged as key drivers of future growth, particularly in non-funded income. PACRA's report underscores the importance of scaling up trade finance as a significant contributor to the bank's future prospects, reinforcing its position in the market as a competitive and dynamic financial institution.