Soneri Bank Limited has announced plans to establish a new asset management company as part of its business diversification strategy, according to a disclosure submitted to the Pakistan Stock Exchange.

The bank stated that its Board of Directors approved the formation of the wholly owned subsidiary during its 216th meeting held on April 27, 2026. The initiative will be subject to regulatory approvals from the Securities and Exchange Commission of Pakistan and other relevant authorities.

The proposed asset management company will be launched with an initial paid-up capital of Rs1 billion, fully funded by Soneri Bank.

The move marks a strategic shift by the bank to expand beyond traditional lending activities and tap into Pakistan’s growing asset management and investment services industry. This includes areas such as mutual funds, portfolio management, and investment advisory services.

Soneri Bank, which has operated in Pakistan’s banking sector for more than three decades, currently offers both conventional and Islamic banking services nationwide.

Industry observers note that the expansion reflects a broader trend in the banking sector, where financial institutions are increasingly pursuing fee-based income streams to diversify revenue and strengthen long-term profitability.

The bank said further details will be shared as regulatory approvals are secured and implementation progresses.