Silkbank Archives - Pkrevenue.com

Silkbank Faces Uncertainty as Auditors Raise Red Flags

March 5, 2025March 5, 2025Shahnawaz Akhter

Grant Thornton Anjum Rahman, a reputable firm of Chartered Accountants, has raised significant concerns regarding the financial viability of Silkbank Limited.

UBL Board Approves Amalgamation of Silk Bank

December 3, 2024December 3, 2024Shahnawaz Akhter

KARACHI, December 3, 2024 – In a significant move towards strengthening its market presence, United Bank Limited (UBL) has announced that its board of directors has approved the amalgamation of Silk Bank Limited (SBL) into UBL.

PHFC offers equity injection up to Rs12 billion into Silkbank Limited

April 19, 2023April 19, 2023Faisal Shahnawaz

Pakistan Housing Finance Company (PHFC) has offered to inject equity up to Rs12 billion into Silkbank Limited, according to a statement shared with the Pakistan Stock Exchange (PSX) on Wednesday.

HBL to acquire consumer portfolio of SilkBank

April 8, 2021April 8, 2021Mrs. Anjum Shahnawaz

KARACHI: Habib Bank Limited (HBL) has shown interest to acquire consumer portfolio of SilkBank Limited, according to a statement issued on Thursday. An information shared by the SilkBank to the Pakistan Stock Exchange (PSX) revealed that HBL had requested SilkBank Limited to provide its concurrence to HBL to apply to State Bank of Pakistan (SBP) […]

Fauji Foundation allowed due diligence to acquire majority stake in Silkbank

January 28, 2021January 28, 2021Mrs. Anjum Shahnawaz

KARACHI: The board of directors (BOD) of Silkbank Limited on Thursday approved to allow Fauji Foundation to conduct due diligence for acquiring majority stake of the bank. The bank in a notice sent to the Pakistan Stock Exchange (PSX) stated that M/s. Fauji Foundation had expressed an interest in acquiring the majority stake in Silkbank […]

SBP identifies shortfall in collateral obtained by Silkbank

October 31, 2019March 20, 2021Mrs. Anjum Shahnawaz

KARACHI: State Bank of Pakistan (SBP) has identified shoartfall in collateral against financial facilities granted by Silkbank Limited. According to information share with Pakistan Stock Exchange (PSX) on Thursday, Silkbank said that the SBP in its latest inspection of the bank, identified a shortfall in collateral against certain financial facilities granted by the bank. “In […]

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