Soneri Bank - Feerasta Family

Soneri Bank Limited, operating a countrywide branch network of 52 branches, commenced its operations in 1992. The Feerasta family, owners of the Rupali group, holds the controlling stake in the bank. The Rupali Group is a leading business group in Pakistan with diverse commercial interests ranging from manufacturing, exporting and indenting to banking and trade financing. The Rupali Group is also the largest producer of polyester filament yarn and a leader in production of staple fiber in Pakistan. Managed by the Feerasta family, the Group's activities reflect the changing business environment and emerging needs of the economy.

The philosophy of the Group is to build on its the strength and quality while maintaining reliability. Products and services offered by the Group are acknowledged by customers with the highest standards.The group's primary activities are centered on the synthetic textile industry. The group, through Ferrasta family members and nominees, maintains a dominant position on the bank's board of directors. The bank's main activities are short-term lending, mainly foreign trade related financing and running finance. These activities are mainly focused in the corporate sector, followed by SMEs. The President and Chief Executive, a banker with over four decades of domestic and international banking exposure, manages the operations of the bank through a team of experienced professionals.