February 14, 2020 (MLN): The Board of Directors of Soneri Bank Limited, in their meeting held on February 13, 2020, has approved the appointment of Mr. Mustashim Ahmad Ashai as President and Chief Executive Officer effective April 1, 2020, in place of Mr. Mohammad Aftab Manzoor whose employment contract shall be maturing on March 31, 2020.
The appointment of the new CEO shall be subject to clearance of the State Bank of Pakistan under Fit and Proper Test Requirements.
The Board of Directors also placed on record their appreciation for the valuable contribution and services rendered by the outgoing President and CEO and wish him luck in his future endeavors.
It may be noted here that the Board of Directors, besides the aforesaid decision, also announced the financial results for the year ended December 31, 2019, during the meeting. As per the results, Soneri Bank witnessed a growth of 6.8% in its net earnings, from Rs. 1.78 billion last year to Rs. 1.9 billion this year.
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