Material Information of Silk Bank Limited (Updated on 01-04-2020).

Karachi: Silk Bank Limited informed Pakistan Stock Exchange that in view of the current nationwide lockdown due to emerging situation from COVID-19 (Corona Virus) pandemic and the consequent extension in the various reporting requirements given to the industry by the State Bank of Pakistan, the Bank has requested the SBP that the approval and disclosure of third Quarter of 2019 financials of the Bank, be allowed to be extended till April 30, 2020, and the approval / disclosure of Annual Accounts of 2019 be also allowed to be extended till May 31, 2020.

Silk Bank Limited was incorporated in Pakistan on April 4, 1994 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The bank commenced its commercial operations on May 7, 1995. The bank is engaged in the banking services as described in the Banking...