70% Increase in Profit Declared by Silkbank Limited



An operating profit of Rs.2.719 billion has been declared by the board of directors of Silkbank Limited. Profit after tax is Rs.1.235 billion for the nine-month period ending on September 2018.

An increase of 70% in profit before tax has been realized for this year compared to last year. A growth of 23% i.e. Rs.913 million has been declared in Net interest income. Non-funded income depicted the growth of 42% for the same period compared to last year.

Also Read:  Corporate results of Silk Bank report loss for the year 2015

Gross advances of Silkbank has increased by Rs.14.29 billion i.e. 16% compared to the year 2017. An increase of Rs.12 billion has been witnessed in deposits and now the total deposits of the bank stand at Rs.122.33 billion, that implies a confidence of customer in banks operations.

The cost of deposits has been favored by improvement in the CASA ratio i.e. 66.67% in September 2018 compared to 61.46% in December 2017.


Please enter your comment!
Please enter your name here