Silkbank earns Rs1.73b operating profit
The board of directors of Silkbank Limited declared an operating profit of Rs1.729 billion
Silk bank earns Rs1.73 billion in profits. PHOTO: SILKBANK
KARACHI:
The board of directors of Silkbank Limited, in their meeting held on August 13, declared an operating profit of Rs1.729 billion with after-tax profit of Rs746 million for the half year ended June 30, 2018, reflecting a significant increase of 75% over the same period last year. Net interest income grew Rs711 million for the half year, reflecting a growth of 27% over the corresponding period of last year. Non-funded Income (NFI) for the half year showed a growth of 32% over the same period last year. Gross advances showed a growth of Rs8.19 billion, higher by 9% versus December 2017. Deposits substantially increased by Rs15.1 billion or 13.7% growth over December 2017, taking the total deposit base to Rs125.36 billion. The robust deposit growth reflects increased customer confidence in the bank. CASA ratio improved from 61.46% in December 2017 to 63.83% in June 2018,
Published in The Express Tribune, August 17th, 2018.
The board of directors of Silkbank Limited, in their meeting held on August 13, declared an operating profit of Rs1.729 billion with after-tax profit of Rs746 million for the half year ended June 30, 2018, reflecting a significant increase of 75% over the same period last year. Net interest income grew Rs711 million for the half year, reflecting a growth of 27% over the corresponding period of last year. Non-funded Income (NFI) for the half year showed a growth of 32% over the same period last year. Gross advances showed a growth of Rs8.19 billion, higher by 9% versus December 2017. Deposits substantially increased by Rs15.1 billion or 13.7% growth over December 2017, taking the total deposit base to Rs125.36 billion. The robust deposit growth reflects increased customer confidence in the bank. CASA ratio improved from 61.46% in December 2017 to 63.83% in June 2018,
Published in The Express Tribune, August 17th, 2018.