The Board of Directors of Silkbank Limited in their August 27, 2019 meeting declared an Operating Profit of Rs 858 million for the half year ended June 30, 2019. Net interest income grew by Rs 160 million reflecting a growth of 5 percent over the corresponding period of last year.

Deposits substantially increased by Rs 16 billion as compared to December 2018, taking the total deposit base to Rs 148 billion, reflecting continued customer confidence in the Bank. CASA deposits improved from 67.27 percent in Dec 2018 to 69.83 percent in June 2019. Similarly Gross Advances increased by Rs 8 billion reflecting a growth of 8 percent in the first half of 2019. Silkbank continued to maintain strong growth in its consumer lending and card divisions, which contribute significantly to its earning momentum.-PR

Copyright Business Recorder, 2019