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.
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.
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) […]
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 […]
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 […]