Soneri Bank Limitted

1 Soneri Bank Limitted

Contents

About the bank

Bank mission statement OBJECTIVE OF THE BANK Shareholders information Board of directors Management WOT ANALYSIS

Products and services

Saving account Term deposit Current account Basic bank account Ikhtiar current account Online banking SMS alert S.M.E finance Consumer finance Electronic banking

Islamic banking

Soneri jari account Soneri bachat account Soneri munafa account Soneri meaadi account

conclusion


A BREIF HISTORY OF THE BANK:

Soneri Bank Limited was formally incorporated on September 28, 1991. The first Branch

commenced operations in Lahore on April 16, 1992, followed by the launch of Karachi's first

Branch on May 09, 1992. The bank currently operates 216 branches, spread all over Pakistan

including the Northern Areas of the country. The bank’s expansion policy is based on the

principle of maintaining a balance between the urban and rural areas.

We take great pride in offering services even in the remote areas of Pakistan. Our fully air-

conditioned and computerized branches provide a pleasant, convenient and hassle free banking

experience every time.

The essence of our business philosophy is to cater to the banking requirements of small &

medium sized entrepreneurs, effectively providing them qualitative & competitive services with

emphasis on encouraging exports. Nearly forty percent of our credit portfolio is related to export

financing and credit decisions are taken within 48 hours.

MISSION STATEMENT:

To develop Soneri Bank into an aggressive and dynamic financial institution having the

capabilities to provide personalized service to customers with cutting edge technology and a

wide range of products, and during the process ensure maximum return on assets with the

ultimate goal of serving the economy and the society.

OBJECTIVES OF THE BANK:

The essence of business philosophy is to cater the banking requirements of small & medium

sized entrepreneurs, providing them qualitative & competitive services with emphasis on

encouraging exports.


SHARE HOLDER INFORMATION:

Associated companies:

Rupali Polyester Limited http://www.rupaligroup.com/

Rupafil Limited

Spintex Limited

Rupali Nylon (Pvt.) Limited

PATTREN OF SHARE HOLDING:

Pattern of Share Holding

Description Shareholding Percentage

Directors, CEO and their spouse

and minor children

12,027,971 1.3321

Associated Companies,

undertaking & related parties

Trustees Alauddin Feerasta Trust

Trustees Feerasta Senior Trust

Trustees Alu Trust

199,678,993

196,684,455

98,387,756

22.1148

21.7832

10.8966

Executives 290,991 0.0233

NIT and ICP 161,196,787 17.8529

Banks, DFI & NBFI 22,253,163 2.4646

Insurance Companies 13,633,405 1.5099

Madarabas & Mutual Funds 24,701,015 2.7357

Joint Stock Companies 5,617,027 0.6221

Foreign Companies 40,541,354 4.4900

General Public (Local) 111,805,503 12.3827

General Public (Foreign) 15,990,639 1.7710

Others 190,436 0.0211

Total 902,918,495 100.00

Refer our Annual Accounts as of December 31, 2011

BOARD OF DIRECTORS:

Chairman

President & C.E.O


Directors

Director (NIT Nominee)

Sub-Committees of the Board:

Audit committee of Board:

Chairman

Three members

Secratary

Credit committee of Board:

Chairman

Three memebers

Secretary

Risk Management Committee of Board:

Chairman

Two members

Secretary

Human Resource Committee of Board:

Chairman

Three members

Secretary

MANAGEMENT:

Management Team:


The president and cheif executive

Head of establishment

Head-international Divission

Country treasurer

Head credit

Head complaince and controle group

Cheif financial officer (Mr. Sheikh Muhammed Moeen)

Head human resource

Cheif information officer

Sub Management Committees:

Management committee

Executive credit committee

Assest and liablity committee

Investment committee

I.T Steering committee

Credit risk management committee

Market risk management committee

The Company Secretary (Mr. Muhammad Altaf Butt)

S.W.O.T Analysis:

SWOT analysis gives a review of an organization, which is comprised of organization’s

strengths, weaknesses, opportunities and threats. On the basis of SWOT analysis, one can

analyze the present status and performance of an organization and can make conclusions and

recommendations.

Strengths of SBL:

Strengths are the internal plus points that make an organization strong.


Soneri bank has got a very good image in the society.

Soneri bank mainly focuses on its customers.

Soneri bank has got a very friendly staff.

Because of the policies of Soneri bank employees are very much motivated and devoted

to their work.

It has product innovation skills and resources.

Its online banking facility to its customers has given Soneri bank a competitive edge over

its competitors, ensuring fast and reliable banking transactions.

Staff is young and rich in experience and working skills.

It has got access to all parts of the world, thus also providing services to outside Pakistan

The environment of all branches is friendly.

Computerized and reliable service of inland remittances.

Weaknesses of SBL:

Weaknesses are the internal weak points, which every organization has.

The lower level management lacks clear direction and is not having the managerial depth.

Marketing skills of the bank are good but they have little presence at different media.

Physical setup of the branch is not impressive.

Customers having accounts with small amount are not given the same attention as

compared to those with large amounts

Most of the personnel are not qualified. .

Opportunities for SBL:

An external situation, which an organization can benefit from, is called opportunities

for that organization.

Soneri bank should take interest in the new market segments like IT business and

software business.

Soneri bank should extend their branches network to other parts of Northern Areas.

Increasing credit facilities to lower income groups, thus reducing the risk of loss

improving the image of the bank.


Increasing need and potential of leasing in Pakistan provides SBL an opportunity to

utilize its skills and efficiencies in leasing business as well.

Threats for SBL:

An external situation posed to harm organization’s interest is regarded as threat to that

organization.

Increasing number of private / foreign banks in the country.

Global technology advancement.

Political, economical situation of the country.

Reducing the rates of savings in different segments of people.

Deteriorating confidence of people in bank uncertainties of the investors.

PRODUCTS AND SRVICES:

Saving Accounts:

PLS ( profit and loss saving) account

PLS Savings Bank Account is a simple, straight forward Savings Bank Account

with a great convenience for individuals (in single or joint names) minors (to be

operated by the guardian) charitable institutions, provident fund and other funds

of benevolent nature local bodies, autonomous corporations, limited companies,

firms associations, educational institutions, etc

Soneri saving account

Soneri Savings Account is a flexible and fast growing cumulative profit account

with a great convenience for individuals (in single or joint names), minors (to be

operated by the guardian), charitable institutions, provident fund and other funds

of benevolent nature local bodies, autonomous corporations, limited companies,

firms associations, educational institutions etc. The rate of Profit in this savings

scheme increases as your balance increases without demanding and negotiating

with us. The account may be opened with any amount

Term Deposits:


Term deposit account

Term deposit is offered by Soneri Bank to Individuals (in single or joint names),

Minors (to be operated by the guardian), Charitable Institutions, Provident Fund

and other funds of benevolent nature local bodies, Autonomous Corporations,

Limited Companies, Firms, Associations, Educational Institutions etc who have

the intention of retaining their savings for a fixed period thereby earning a higher

rate of profit. The Term Deposit allows you to save a fixed amount in Pak Rupee

for a set period ranging from 1 month to 60 months at a provisional and attractive

profit rate. The depositor has the option to reinvest the deposit automatically with

or without profit.

Diamond deposit certificate

Soneri Diamond Deposit Certificates provide investment opportunities to small

and medium income group investors, Charitable / Benevolent Funds, Trusts,

Societies, Associations and Clubs with an attractive return.

Features:

Certificates are issued for fixed periods of 1, 2 and 3 years.

Annualized Rates of expected Profit: from 10.50 % p.a. to 10.75 %p.a.

Profit paid at monthly intervals calculated from date of deposit.

Minimum Investment Rs. 25,000/-

`Financing facility upto 90 % of Deposit available.

Current Account:

Current is a non profit account, flexible account with a great convenience for individuals

(in single or joint names), minors (to be operated by the guardian), charitable institutions,

autonomous corporations, limited companies, firms, associations, educational

institutions,etc. Current account may be opened with any amount; however accounts with


average monthly balance below Rs.10, 000- on any day shall be subject to Service

Charges as per our Schedule of Charges in force

Basic Bank Account:

Soneri Bank Limited introduces Basic Banking Account Scheme with effect from July

01, 2006. Salient feature of the Scheme are:

Basic Banking Accounts may be opened in the Pak Rupees by individuals including

minors under guardianship.

The accounts may be opened by initial deposit of any amount.

No minimum balance requirement is applicable.

Basic Banking Account is non-profit bearing account.

4 withdrawals from a Basic Banking Account through cheques in one calander month

are free of service charges. Additional withdrawals through cheques in a calander of

month shall be subject to service charge @ Rs. 25/- per additional cheque.

Soneri Banking Cards for the use of Bank's Electronic Banking Service are issued

without charges for one time issuance of the cards.

unrestricted number of withdrawals from the account through ATMs are permissible

subject to applicable per day withdrawal limit for amounts in force.

Cash withdrawals from Soneri Bank's ATMs are free of Service Charge. Use of

another bank's ATMs shall be subject to Service Charges applicable.

Basic Banking Account holders may also use Soneri Bank's other Electronic Banking

Services subject to completion of applicable formalities which shall be subject to

applicable Service Charges.

Ikhtiar Current Account:

Ikhtiar current is a non profit account, flexible account with a great convenience and

Multiple FREE Services for individuals (in single or joint names), minors (to be operated

by the guardian), charitable institutions, autonomous corporations, limited companies,

firms, associations, educational institutions, etc.


Ikhtiar current account may be opened with minimum amount of Rs. 50,000/-. To avail

free facilities maintenance of balance on or above Rs. 50,000/- is mandatory.

Online Banking:

On-Line Banking Services are available for all chequing account holder of our Soneri all

branches.

Services:

Cash Payments of cheques drawn on any of our all branches.

Cash Deposits in to customers account maintained at any of our all branches.

Governement taxes/duties:

Cash Cheques or Cheques Applicable Government Taxes/duties

Under Collection if payable recoverable as per rules to third parties

Cash withdrawal:

Per day Cash Withdrawals limit is restricted to Rs. 200,000.

Cash Cheques tendered by other than the account holders in person are subject to

levy of Govt. Taxes as per rules.

Cash deposits:

Deposits made by third parties into accounts of customers maintained at all

branches are subject to recovery of applicable with-holding tax, as per rules from

the depositors.

Cheques under collection:

Proceed of Cheques drawn on our all branches are immediately credited to

depositors account subject to fulfillment of other conditions governing payment of

cheques.

Govt. Taxes as per rules are recoverable on outstation collection cheques.

SMS Alerts:

Soneri Bank Limited now introduces to its ATM/ VISA Debit Card holders SMS Alert Service,

the best feature for warning about fraudulent transactions conducted against Cards. Now you

shall receive SMS Alerts on your mobile number registered with the bank of all purchase


transactions immediately after it has been made. Remember, an early intimation can save you a

lot of trouble later, and also protect your hard-earned money.

It is very easy to sign up for our SMS Alert Service. Just fill the form available in Bank all

Branches or call at the following numbers for your SMS Alert Activation:

111-SONERI (766-374)

0800-00500

S.M.E Finance:

Soneri Bank Limited, arguably at the forefront of commercial excellence, has strengthened its

product profile by introducing the following cost effective innovative tailor made small and

medium enterprises (SMEs) financing options on flexible terms to its most discerning customers

need. The Market segment for this business is primarily SMEs and the bank stands committed to

contribute in the process of national development with an explicit focus in providing quality

finance solutions.

SONERI SARMAYA SCHEME

SONERI AASAN SCHEME

SONERI TEJARAT SCHEME

Offers:

Fund & Non Fund Based Facilities.

For fixed Asset Financing

For Working Capital Financing

For Trade Financing

Who can avail:

Fund & Non Fund Based Facilities.

Individuals

Proprietorship


Partnerships

Limited Companies

Why soneri bank:

Salient Features of SBL’s SMEs Products.

Competitive Rates

Tailor – made need based Products

Quick Processing Time

Cash Flow – Based Lending

Flexible Repayment Period

Where we can Apply:

It’s easy to begin a relationship with SONEI BANK. Simply contact one of our Soneri Bank Ltd

Branch located in easy – to – reach places and ask the Manager/Relationship Staff for details on

how to apply for innovative Soneri SME – Specific Finance.

Consumer Fianace:

Soneri Car Finance:

Purpose of Finance

Purchase of brand new:

Un-registered cars for private use.

Un-registered light commercial vehicles for private use.

Eligibale person:*

Salaried Persons

Self Employed Professionals

Business Persons

Financing Amount

Financing amount:

Upto Rs.1.5 MillionD

Down payment:own Payment

Minimum 20% of the vehicle price.


Tenure:Tenure

Maximum repayment period is 5 years.

Make-up Rate:Mark-up Rate **

1 year KIBOR + 4.5% p.a., to be revised on each anniversary of finance.

Processing fee:rocessingFee

Rs. 3000/- per approved application.

Service lenght:Service Length

Minimum 2 years of confirmed service with present employer in case of Salaried.

Age:

Person At the time of Application for finance, applicant’s age must not be more than;

55 years in case of Salaried Person.

60 years in case of Self Employed / Business Person.

Debt burden:Debt Burden

Total monthly repayment installments not to exceed 40% of the net income (taking

into account other financing facilities availed from other Banks/DFIs)

Prepayment penalty:Pre-PaPenalty

2% pre-payment penalty on outstanding principal amount of finance being pre paid.

Late payment charges:Late Payment Charges

Rs. 500/- per installment per month.

Insurance of Car/ Motor Vehicles:esnsurance of Cars / Motor Vehicles

Cars / Motor Vehicles financed are to be comprehensively insured with any of the

Insurance Companies listed on the approved panel of Soneri Bank.

Insurance Premium is payable up-front for each year during the life of the loan.

Charges:Charges

Documentation Charges (at actual).

Income Estimation Charges (if applicable).

Soneri gahr Finance:

Purpose:

Purchase / Construction of Property for self-occupancy.


Extension / Renovation on self occupied residential Property.

Product category:Product Categories

Purchase of pre-constructed Residential Property.

Construction of residential property on self owned plot of land.

Extension / Renovation on self owned & occupied property.

Balance Transfer Facility (BTF) for any of the above finance

Eligibale Brrower:Eligible Borrowers*

Salaried Persons

Self Employed Professionals

Business Persons

Financing amount:ancing Amount

Purchase: Upto Rs. 10 Million

Construction: Upto Rs. 10 Million

Extension / Renovation: Upto Rs. 03 Million

Balance Transfer Facility: Upto Rs. 10 Million

Tenure:

Purchase: Upto 20 Years

Construction: Upto 20 Years

Extension / Renovation: Upto 07 Years

Balance Transfer Facility: Upto 20 Years (Calculated from the date of original

finance).

Marke-up rate:Mark-up Rates**

1 Year KIBOR + 4% p.a., to be revised on each anniversary of finance.

Preosessing fee:rocessing Fee

0.5% of Finance Amount, Min. Rs. of 2,500/=

Service leght:Service Length

Minimum 5 years of confirmed service with present employer in case of salaried

person.

Age:


At the time of maturity of the Finance, applicant's age must not be more than;

60 years in case of Salaried person.

65 years in case of self Employed / Business person.

Debt burden:Debt Burden

Total monthly repayment installments not to exceed 40% of the net income

(taking into account other financing facilities availed from other banks/DFIs).

Moratorium:Moratorium

A moratorium of 12 months is allowed in case of finance for Construction.

Pre-payment charges:Pre-Payment Charges

2% of the outstanding amount being prepaid.

Late payment charges:e Payment Charges

Rs. 500/- per Installment per month.

Insurance:

Mortgage Protection Insurance cover through Bank’s designated Insurance

Company.

Insurance premium on the insurance cover payable upfront each year.

Charges:Charges


Valuation Charges (at actual)

Legal Opinion Charges (at actual)

Income Estimation Charges (if applicable)

Soneri Personal Finance:

Purpose:inance

To meet medical expenses for self or dependants of applicants.

To meet educational expenses of applicant’s children.

To meet travel expenses for self and family members.

To meet renovation expenses of self owned residential property.

To meet advance rent payment for rented residential property occupied by the

applicants.

To meet domestic needs.


Financing Amount:ancing Amount***

Upto Rs.0.5 Million

Eligible Borrowers:wers*

Salaried Persons

Maximum repayment period of 5 yearsup Rate**

1 Year KIBOR + 8% p.a., to be revised on each anniversary of finance.

Processing fee: Fee

Rs. 2,500/=

Service lenght:

Minimum 2 years of confirmed service with present employer.

Age:

At the time of maturity of the finance, applicant’s age must not be more than 60years.

Debt Burden: Burden

Total monthly repayment installments not to exceed 40% of the net take home salary

(taking into account other financing facilities availed from other Banks/DFIs).

Pre-payment charges:Payment Charges

5% of the outstanding amount being prepaid

Late payment charges:Payment Charges

Rs. 500/- per installment per month.

Personal loan insurance:rance

Amount of Finance insured against life of borrowers, free of cost.

Charges:


Electronic Banking:

Soneri mobile Banking:


Now you can have instant access to your account via your mobile at any time of day or

night, that too without an internet connection! What’s more, you can register at no cost

and also enjoy a host of FREE* banking facilities.

Priciing option:

You can choose from the following payment options:

An annual package/bundle

Pay as you go – pay as and when you make transactions

Features:

You can enjoy the following FREE* services with Soneri Mobile Banking:

Balance inquiries

Mini-statements

Intra-bank & Inter-bank Funds Transfer

Prepaid mobile phone top-ups or paying post paid bills

Utility Bill Payments

So no matter what the time or place, if your mobile is open, so are we!

ATM / Visa Debit Card:

SONERI Debit Card brings to you the ultimate facility of spending and

making payments. You are privileged to avail the unmatched opportunities and

benefits of the CLASSIC Card and GOLD Card. With the ‘Buy Now

– Pay Now’ facility, you pay directly from your bank account. Use your

SONERI Debit Card wherever you are and whenever you want.

Safer than Carrying Cash

Pay dining, shopping, traveling, hotel and other bills at over 24 million outlets

displaying sign locally and internationally

Worldwide cash withdrawal facility at over 1 million ATMs displaying the sign

Ease of Cash withdrawal on 1 LINK and ATM networks across Pakistan

Credit facility available for GOLD Card Holders

Accessibility of multiple accounts from a single card

Makes money management easier

24/7 Automated Telephone Banking

http://www.soneribank.com/Soneri-VISA-Debit-Card


24/7 Call Centre facility

Cheque-free banking

Funds Transfer facility between participating 1LINK member banks

Attractive rewards on spending

Internet Banking:

You can Pay Utility Bills, Transfer Funds, and access your Account information

Anywhere Round-the-clock through SoneriDirect Internet Banking.

Features:

View your balance of account, latest transactions using Today’s Transaction menu

View your Statement of Account. You can view them online, download them in

printable format

You can pay the utility Bills for you and your dear ones

Transfer Funds 24/7 from SoneriDirect

Receive SMS ALERT on your Financial Transactions done from SoneriDirect. (For

SMS ALERT Registration, Please call at 0800-00500 / 111-SONERI (766374) or

contact your Bank Branch)

Fund transfer:ransfer :

Transfer funds to any Soneri bank account

Transfer funds to any 1-LINK participating member bank’s account.

Bill payment:ayment :

Telecom/Mobile : Ufone, Warid, Telenor (Post Paid, prepaid)

Electricity : KESC, LESCO, GEPCO, HESCO.

GAS : SSGC,SNGPL.

History:ory :

View history of your Soneri Internet Banking activities using History Menu (for the

requests sent using Internet Banking Only) It includes:

Funds Transfer History

Bill Payment History

Login Historypcoming Attractions :

Cheque Free Banking:

No Cheque book

http://www.soneribank.com/Cheque%20Free%20Banking

http://www.soneribank.com/Internet-Banking


300,000/ Per day

Time Saving

No Signature required

No charges Can be used at POS Terminal deployed branches

At present, our cardholders (ATM/Debit Cards and Soneri Banking Cards) may withdraw cash

through use of their cards at ATM of 1-Link Switch and M.Net Switch member banks. However

due to constraints on Cash Dispensing capacity of ATMs, Soneri Banking Card holders may

draw only up to Rs. 25000/- per day from ATMs. Recognizing the fact that our customers do not

always carry with them the cheque books issued to them for operation on their account and that

they may need to withdraw cash in excess of the per day withdrawal limit for ATMs, Soneri

Bank has introduced CHEQUE FREE BANKING whereby our cards holders may withdraw cash

up to a maximum of Rs.300, 000/- per day through use of their cards at Point of Sale Terminals

installed at our designated branches.

Eligibility: Eligibility:

If you are having Soneri Banking Card, if you are maintaining a Soneri Bank PKR Current or

Savings account Single or Joint account with either signatory authorized to operate the account, a

further supplementary card can also be issued to the second account holder. All Soneri Banking

Card holders use debit card facility.

Service availability:ability:

CHEQUE FREE BANKING is available at branches equipped with point of sale (POS)

Terminals offering the following services during the counter hours on real time basis:-

Balance enquiry:

The POS Terminal may also be used for Balance Enquiry of accounts linked to the card.

Cash withdrawal:Cash Withdrawals:

CHEQUE FREE BANKING shall be made available through POS Terminal installed at

dedicated cash counters at branches manned by a cashier.

Telephone Banking:

http://www.soneribank.com/Telephone%20Banking


You can conduct your banking from any where and at anytime you want.

Dial 111 SONERI (111-766374) to reach our Customer Services Call Center.

With Telephone Banking, You can access all the information you need without making a

trip to the branch. This means no Parking to find, no traffic to flight and no standing in

line. At home, at work or on the go, all you need is a touch-tone telephone, your card

number and the T-PIN to access your bank account, 24 hours a day, 7 days a week.

Eligiblity:ELIGBILITY:

If you are having Soneri Banking Card, if you are maintaining a Soneri Bank PKR

Current or Savings account Single or Joint account with either signatory authorized to

operate the account, a further supplementary card can also be issued to the second

account holder. All Soneri Banking Card holders use debit card facility.

Available services:AVAILABLE SERVICES:

Balance Enquiry

Today's Transaction by Voice

Instant statement of Account through Fax

Request for Computer Generated Statement of Account

Request for cheque book

Stop mark of lost Soneri Banking Card

Change your T-PIN

Latest Forex Rates

Product Information

Interactive voice prompt in English or Urdu language will guide you through the process.

Soneri Banking Card holders will have access to Telephone Banking basic facilities at no

additional cost.

Service provided:Provided

Request of checkbook Lost Card Report Balance Inquiry Request of detailed statement By Fax T-Pin Change Request of detailed Statement

Utility Bills Payments:

http://www.soneribank.com/Utility%20Bills%20Payment


Soneri Bank VISA Debit Card holders can pay their bills using Soneri Bank Internet

Banking, Call Centre and ATM Services.

No need to stand in a bank queue.

No need to carry cash.

Easy way of paying bills for you and your dear ones.

Bills once paid are automatically registered in our system.

24 hours a day, 7 days a week service from any where across Pakistan or

worldwide.

Available Services : Service is currently available for payment of:

KESC, LESCO, GEPCO, HESCO.

SNGPL, SSGC.

Warid, Ufone, Telenor (Prepaid and Postpaid).

Soneri Islamic Banking:

Soneri Jari Account (Current Account):

Soneri Jari Account, on the basis of Qardh may be opened by individuals, partnerships,

Joint Account holders, Companies, Corporate, Trusts e.t.c, with following unique

Facilities:

No limit for minimum or maximum balance.

No limit for minimum or maximum withdrawal amount within the available

balance.

Country wide cash deposit / withdrawal facility.

Personalized Cheque book facility with no restriction on number of transaction.

Fund utilized by the bank in accordance with Shariah Principles under the

supervision of proficient Shariah Advisor.

Pay orders and demand drafts payable country wide.

Telephone banking, *E-Banking, *GSM Banking, *Web Banking, On-line

Banking, ATM Card / Debit Card and Utility Bills Payment.

Hold Mail Instructions.

Personal Financial Consultancy Services for Islamic Banking Products.


Important Note: Extra Premium on actual profit will be given on special deposits.

IB SCHEDULE OF CHARGES



IB Schedule of Charges

Soneri Bachat Account:

Profit & Loss Sharing Soneri BACHAT Account may be opened by individuals,

partnerships,Joint Account holders, Companies, Corporate, Trusts e.t.c, on the basis of

Shariah Principles of Musharaka with the following unique facilities.

Minimum amount for account opening Rs. 100/=.

Profit calculated on monthly average and distributed on quarterly basis.

Profit calculated on the basis of weightages for different tiers to benefit higher

balance with higher return.-Extra premium on deposits of Rs. 10 Million and over.

Weightages declared at periodically intervals to be announced on the web-site, and

will be displayed on notice board.

Soneri Bachat account with special operational facilities of Current Account.

No limit for minimum or maximum withdrawal amount within the available balance.



Fund utilized by the bank in accordance with Shariah Principles under the supervision

of proficient Shariah Advisor


Telephone banking, *E-Banking, *GSM Banking, *Web Banking, On-line Banking,

ATM Card / Debit Card and Utility Bills Payment.


Free Statements of Account after every six months.


Important Note: Extra Premium on actual profit will be given on special deposits.

http://www.soneribank.com/document/url/2/IBScheduleofcharges.html


Soneri Munafa Account ( saving Account):


partnerships, Joint Account holders, Companies, Corporate, Trusts e.t.c, on the basis of


No Minimum amount for account opening.

Profit will be calculated on daily products.

Profit calculated on the basis of weightages for different tiers to benefit higher

balance with higher return.

Extra premium on deposits of Rs. 10 Million and over.

Weightages declared at periodically intervals to be announced on the web-site, and

will be displayed on notice board

Soneri Munafa account with special operational facilities of Current Account.

No limit for minimum or maximum withdrawal amount within the available balance.



Fund utilized by the bank in accordance with Shariah Principles under the

supervision of proficient Shariah Advisor


Telephone banking, *E-Banking, *GSM Banking, *Web Banking, On-line Banking,

ATM Card / Debit Card and Utility Bills Payment.


Free Statements of Account after every six months.


Soneri Meaadi Account:


partnerships, Joint Account holders, Companies, Corporate, Trusts e.t.c, on the basis of


Minimum deposit Rs.10,000/= for a fixed period of 1 month, 3 months, 6 months, 1

year, 2 years, 3 years and 5 years.


Profit payment at the option of client i.e., monthly, quarterly, half yearly, yearly or on

maturity.

Profit declared quarterly.

Net profit (after deduction of expenses & management fee) to be shared on the basis

of weightages.

Weightages on the basis of tenor and option of profit payment will be announced

quarterly.

Fund utilized by the bank in accordance with Shariah Principles under the supervision

of proficient Shariah Advisor

Some of the facilities for Jari account are also applicable here.

Conclusion:

Soneri bank limited is a well reputed bank in Pakistan. The bank is making

profitable business through out the country and is well ahead in providing the

banking facilities.

Keeping in view the expansion of commercial areas, the bank have to plan for

expanding its activities through out Northern Areas and should open branches in

Gahkuch, Yaseen, Gojal, Astore, Khaplu and Chilas .

The bank should focus on the development of human resources, as human

resources are the asset of any organization; they need to be properly trained. They

should be kept properly informed and updated about the recent changes that are

taking place in the financial sector through proper training.

Recruitment policy of the bank is not clear. The bank never advertised for

recruitment of new personnel, all the process is carried out internally and the bank

management normally employs candidates who are not fit for the required job. It

is suggested that the bank should have clear cut policy for recruitment.

Soneri Bank Limitted

Documents

Transcript of Soneri Bank Limitted