The senior management of Silkbank Limited visited the Lahore Stock Exchange (LSE) on Friday to participate in the Corporate Briefing Programme (CBP), which is an interactive programme initiated by the LSE under the Corporate Communications Department to encourage companies to come forward and share their financial and non financial projects before the members, TREC Holders, investors and the media to abridge the communication gap between the listed companies and the market participants.
CFO, Silkbank Ltd, Azfar Naqvi highlighted the financial performance of the company on the occasion. He explained that despite economic and social challenges facing the country and the industry, the Silkbank remained persistent in focusing its strategic direction which has resulted in gradually strengthening its position in the banking sector. While speaking about the company's achievements, Naqvi shared that the group has expanded its operations by adding 33 new branches across the nation since 2008. He also informed that new products and services have been introduced such as Emaan Islamic Banking, Visa Credit Card, Consumer Personal Loan, Visa Debit Card, Alternate Delivery Channels and various deposit products.
LSE Managing Director, Aftab A Chaudhry while addressing the participants stated that the purpose of the Corporate Briefing Programme is to encourage the listed companies to regularly engage with the investment community and appraise them about the latest performance and the growth prospects about their company. He expressed that Corporate Briefing Programme helps the current investors to make well reasoned investment decisions about their investment in debt and equity securities.
He said that LSE considers it essential for the companies to participate in such programmes so that there is no information asymmetry regarding our listed companies. The basic goal of the Corporate Briefing Programme is to enhance investor's understanding of financial statements, company's short-term and long-term projects. CBP is an opportunity for investors to better understand the economic and financial affairs of a company which might affect company's share price and ultimately impact their investments as well as investment decisions.
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