Silkbank
| Formerly | Prudential Commercial Bank (1994–2001) Saudi-Pak Commercial Bank (2001–2008) |
|---|---|
| Company type | Public |
| PSX: SILK (1995–2025) | |
| Industry | Banking |
| Founded | June 1994 |
| Defunct | 2025 |
| Fate | Merged into United Bank Limited (2025) |
| Successor | United Bank Limited |
| Headquarters | Karachi-75600, Pakistan |
Key people | Shahram Raza Bakhtiari (CEO) |
| Products |
|
| Revenue | Rs. 8.283 billion (US$29 million) (2023) |
| Rs. 20.655 billion (US$72 million) (2023) | |
| Rs. 12.786 billion (US$44 million) (2023) | |
| Total assets | Rs. 292.070 billion (US$1.0 billion) (2023) |
| Total equity | Rs. 26.352 billion (US$91 million) (2023) |
| Owner |
|
| Website | silkbank |
| Footnotes / references Financials as of 31 December 2023 | |
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Silkbank Limited was a Pakistani commercial bank headquartered in Karachi. Founded in 1994 as Prudential Commercial Bank, it was renamed as Saudi Pak Commercial Bank in 2001 and as Silkbank in 2008. It was the smallest bank in Pakistan.
In 2024, the State Bank of Pakistan approved Silkbank’s merger with United Bank Limited (UBL). The process was finalized in March 2025, with Silkbank officially integrating into the UBL through a share-swap agreement.