AGL 39.70 Decreased By ▼ -0.30 (-0.75%)
AIRLINK 128.60 Decreased By ▼ -0.46 (-0.36%)
BOP 6.83 Increased By ▲ 0.08 (1.19%)
CNERGY 4.70 Increased By ▲ 0.21 (4.68%)
DCL 8.45 Decreased By ▼ -0.10 (-1.17%)
DFML 41.09 Increased By ▲ 0.27 (0.66%)
DGKC 82.70 Increased By ▲ 1.74 (2.15%)
FCCL 33.02 Increased By ▲ 0.25 (0.76%)
FFBL 73.88 Decreased By ▼ -0.55 (-0.74%)
FFL 11.87 Increased By ▲ 0.13 (1.11%)
HUBC 110.74 Increased By ▲ 1.16 (1.06%)
HUMNL 14.30 Increased By ▲ 0.55 (4%)
KEL 5.23 Decreased By ▼ -0.08 (-1.51%)
KOSM 7.50 Decreased By ▼ -0.22 (-2.85%)
MLCF 38.99 Increased By ▲ 0.39 (1.01%)
NBP 63.75 Increased By ▲ 0.24 (0.38%)
OGDC 193.21 Decreased By ▼ -1.48 (-0.76%)
PAEL 25.50 Decreased By ▼ -0.21 (-0.82%)
PIBTL 7.33 Decreased By ▼ -0.06 (-0.81%)
PPL 153.50 Decreased By ▼ -1.95 (-1.25%)
PRL 25.75 Decreased By ▼ -0.04 (-0.16%)
PTC 17.49 Decreased By ▼ -0.01 (-0.06%)
SEARL 81.43 Increased By ▲ 2.78 (3.53%)
TELE 7.66 Decreased By ▼ -0.20 (-2.54%)
TOMCL 33.48 Decreased By ▼ -0.25 (-0.74%)
TPLP 8.54 Increased By ▲ 0.14 (1.67%)
TREET 16.45 Increased By ▲ 0.18 (1.11%)
TRG 56.80 Decreased By ▼ -1.42 (-2.44%)
UNITY 27.60 Increased By ▲ 0.11 (0.4%)
WTL 1.37 Decreased By ▼ -0.02 (-1.44%)
BR100 10,519 Increased By 73.5 (0.7%)
BR30 31,194 Increased By 4.8 (0.02%)
KSE100 98,323 Increased By 524.7 (0.54%)
KSE30 30,679 Increased By 198.2 (0.65%)

The Board of Directors of Silkbank Limited, in their meeting held on August 28, 2015, announced the half-yearly results ended June 30, 2015. Silkbank's total asset base grew by an impressive 16 billion over the period, which reflects the operational strength of the Bank. Silkbank's deposits for the period increased by Rs 13.8 billion, taking the June 30, 2015 total deposit base to Rs 82.5 billion.
This remarkable growth reflects depositor's confidence in the Bank. Silkbank continued to improve the CASA share of deposits and successfully brought down its cost of funds. Non-funded income also reflected an impressive growth of 36 percent. The Bank took aggressive provisioning to further clean the balance sheet. Post this one-off provisioning, Silkbank posted an after tax loss of Rs 95.629 million for the period ended June 30, 2015. In 2014, Silkbank announced the issuance of Right Shares worth Rs 10 billion and the process will be completed by September, 2015. Silkbank is backed by strong international sponsors, which include IFC (World Bank Group), Nomura European Investments, Bank Muscat and Sinthos Capital led by Shaukat Tarin.-PR

Copyright Business Recorder, 2015

Comments

Comments are closed.