Silkbank declares Rs889m in opening profit for Jan-Jun

KARACHI: Silkbank Limited, in its board meeting held on August 26, 2016 declared an operating profit of Rs889 million for the half year ended June 30, 2016. The Bank’s Profit before Tax of Rs536 million for the half year reflects a significant increase of 441% compared to the same period last year. The Bank’s total assets base grew notably by Rs11 billion. Deposits for the half year period increased by Rs3.8 billion, taking the total deposit base to Rs.84.88 billion. Net mark-up income of the bank grew significantly by 48% compared to the half year ended June 30, 2015.

Published in The Express Tribune, August 27^th, 2016.

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