KARACHI: Soneri Bank has maintained its market position in the industry while strengthening its overall risk profile with stable outlook. Pakistan Credit Rating Agency Limited "PACRA" has accredited Soneri Bank with "AA-" (double A minus) for its long-term rating and "A1+" (single A one plus) for Bank's short-term rating.
Soneri Bank has also maintained the rating of Unsecured, Sub-ordinated and Listed Term Finance Certificates (2nd issue) of PKR 3,000 million at A+ (single A Plus) along with the rating of its Unsecured, Sub-ordinated, Listed, Perpetual and Non-cumulative Term Finance Certificates as Additional Tier 1 ('ADT1') Capital of PKR 4,000 million at A (Single A), all accredited by PACRA.-PR
Copyright Business Recorder, 2020
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