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KARACHI: The Pakistan Credit Rating Agency (PACRA) has upgraded Soneri Bank’s Long-Term Entity Rating from AA- to AA, while reaffirming the Short-Term Rating at the highest level, A1+.
The upgrade reflects a structurally strengthened liability franchise, sustained earnings momentum, and continued progress in trade finance.
The bank’s deposit mix has improved steadily, with the CASA ratio strengthening over the past several years and current deposits growing well ahead of the overall base, particularly in newly opened branches.
This low-cost funding base is described as relationship-anchored rather than rate-sensitive, evidenced by a stable and higher-than-historical spread.
Copyright Business Recorder, 2026