Silkbank
 | |
| Formerly | Saudi-Pak Commercial Bank Prudential Commercial Bank Limited |
|---|---|
| Company type | Public |
| PSX: SILK | |
| Industry | Banking Islamic Banking |
| Founded | June 1994 |
| Headquarters | Karachi-75600, Pakistan |
Key people | Shahram Raza Bakhtiari (CEO) |
| Products |
|
| Parent |
|
| Subsidiaries | SPI INSURANCE COMPANY LIMITED |
| Website | https://www.silkbank.com.pk/ |
Silkbank Limited, (سِلک بینک لمیٹڈ) formerly known as Saudi-Pak Commercial Bank, is a Pakistani commercial bank which is based in Karachi, Pakistan.[1] It has a branch network of 111 in 29 cities.[2]
History[edit]
Prudential Commercial Bank Limited[edit]
The bank was founded in 1994.[3] It began commercial operations on May 7, 1995. It has a network of twenty branches.[3]
Saudi-Pak Commercial Bank[edit]
Saudi Pak Industrial and Agricultural Investment Company (Pvt) Ltd (SAPICO) acquired Prudential Commercial Bank Limited on September 15, 2001.[4] The SAPICO gave the bank a new name: Saudi Pak Commercial Bank.[3]
Silkbank Limited[edit]
In March 2008, a consortium comprising International Finance Corporation, Bank of Muscat, Nomura and Sinthos Capital led by Pakistani banker Shaukat Tarin acquired a majority stake in Saudi Pak bank for $213 million.[5] In June 2008, the bank changed its name to Silk Bank Limited.[5]
Branches[edit]
- Karachi
- Lahore
- Islamabad/Rawalpindi
- Peshawar
- Quetta
- Multan
- Faisalabad
- Sialkot
- Hyderabad
- Sukkur
- Gwadar
- Muzaffarabad AJK
- Gilgit
[edit]
In 2015, Arif Habib Group acquired 28.23 percent stake in the bank.[6]
Awards[edit]
Silkbank was awarded Best Innovation in ‘Retail Banking Pakistan 2020’ at the International Bankers Awards.[2]
References[edit]
- ^ Hussain, Dilawar (February 1, 2021). "Silkbank goes on sale". DAWN.COM.
- ^ a b "Silkbank – Best Innovation in Retail Banking Pakistan 2020". Profit by Pakistan Today. 2020-09-10. Retrieved 2020-09-12.
- ^ a b c "Saudi Pak Commercial Bank". DAWN.COM. 2002-07-09. Retrieved 2020-09-12.
- ^ "Status of the Company". www.silkbank.com.pk. Retrieved 2020-06-05.
- ^ a b "Silk Bank Limited – Business Recorder".
- ^ "Arif Habib Corp acquires 28% stake in Silkbank". The Express Tribune. 9 December 2015. Retrieved 2 April 2017.
| Central bank | |||||
|---|---|---|---|---|---|
| Big Five | |||||
| Commercial banking |
| ||||
| Microfinance | |||||
| Islamic banking | |||||
| House building | |||||
| Savings Bank | |||||
| Foreign banks | |||||
| Defunct banks | |||||
| See also | |||||
 | This Pakistani corporation or company article is a stub. You can help Wikipedia by expanding it. |