March 03, 2015 8:02 AM ET

Banks

Company Overview of Silk Bank Limited

Company Overview

Silk Bank Limited provides various banking services for retail and corporate customers, and financial institutions in Pakistan. The company operates through two segments, Wholesale Banking and Consumer/SME Banking. It offers various deposit products, which include current accounts, foreign currency accounts, savings accounts, and term deposits. The company’s loan products include consumer loans; loans for small and medium enterprises; mortgage loans; auto finance; and unsecured loans. It also provides corporate banking services, including working capital finance, pre and post shipment export financing, import financing, and receivable discounting, as well as trade services, such as letters o...

Silkbank Building

I.I. Chundrigar Road

Karachi,  

Pakistan

Founded in 1994

1,211 Employees

Phone:

92 21 111 007455

Fax:

92 21 324 60464

Key Executives for Silk Bank Limited

Silk Bank Limited does not have any Key Executives recorded.

Silk Bank Limited Key Developments

Silk Bank Limited, Board Meeting, Feb 25, 2015

Silk Bank Limited, Board Meeting, Feb 25, 2015., at 12:00 Pakistan Standard Time. Agenda: To consider financial results for the full year ended December 31, 2014.

Silk Bank Limited to Report Fiscal Year 2014 Results on Feb 25, 2015

Silk Bank Limited announced that they will report fiscal year 2014 results on Feb 25, 2015

Silk Bank Limited Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Announces Impairment in the Value of Investments for the Third Quarter of 2014

Silk Bank Limited announced unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net mark-up/interest income was PKR 977.05 million compared to PKR 541.44 million a year ago. Profit before taxation was PKR 38.47 million compared to loss before tax of PKR 395.639 million a year ago. Profit after taxation was PKR 28.63 million or PKR 0.01 per basic and diluted share compared to loss after tax of PKR 259.89 million or PKR 0.10 per basic and diluted share a year ago. Mark-up/return/interest earned was PKR 2,510,883,000 compared to PKR 1,824,834,000 for the same period a year ago. For the nine months, the company reported net mark-up/interest income was PKR 2,719.41 million compared to PKR 1,526.16 million a year ago. Profit before taxation was PKR 115.64 million compared to loss before tax of PKR 890.43 million a year ago. Profit after taxation was PKR 101.27 million or PKR 0.04 per basic and diluted share compared to loss after tax of PKR 624.36 million or PKR 0.23 per basic and diluted share a year ago. Mark-up/return/interest earned was PKR 7,043,967,000 compared to PKR 5,611,388,000 for the same period a year ago. The bank also reported impairment in the value of investment of PKR 26.05 million for the third quarter of 2014 compared to PKR 18.924 million for the same period a year ago.

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