Silkbank 1H results

LAHORE (PR): The Board of Directors of Silkbank Limited, in their meeting held on August 23, 2013, announced the half yearly results of the Bank for the period-ended June 30, 2013, showing growth in deposits and revenues. The Bank significantly improved the deposit mix through increase in low-cost current and saving accounts, invested in high yielding consumer assets and rationalized cost through synergies/re-engineering processes and restricting investment to existing resources. The Bank had made strategic investments in new business lines such as consumer loans, credit card and Islamic banking business last year, which have started to contribute towards the bottom line of the Bank.

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