KARACHI: The board of directors of Silkbank Limited, in their meeting, declared an operating profit of Rs1.729 billion with after-tax profit of Rs746 million for the half year ended June 30, 2018, reflecting a significant increase of 75% over the same period last year.
Net interest income grew Rs711 million for the half year, reflecting a growth of 27% over the corresponding period of last year. Non-funded Income (NFI) for the half year showed a growth of 32% over the same period last year. Gross advances showed a growth of Rs8.19 billion, higher by 9% versus December 2017. Deposits substantially increased by Rs15.1 billion or 13.7% growth over December 2017, taking the total deposit base to Rs125.36 billion. The robust deposit growth reflects increased customer confidence in the bank.
