Silkbank releases financial results.

KARACHI -- Silkbank has announced September 30 2019 December 31 2019 and March 31 2020 financial results. The Bank has cleaned up its balance sheet by prudently identifying weak accounts and providing for them and has shown significant improvement in its performance in the March 2020 Quarter.

The Bank also reported that in the declining discount rate scenario it has been building a PIB portfolio which now stands at approximately Rs. 91bn. The Bank has already realized capital gains of Rs. 1.5bn for the September 2019 to March 2020 period and has booked an impressive gain of Rs. 4.4bn and Mark to...

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