Wallets/silk-bank
Silk Bank
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Overview
Silk Bank is PSX: SILK + Pakistani commercial bank + United Bank Limited UBL planned acquisition for ~$28M post-2024 announcement + Pakistani commercial bank 1, Pakistan report.
History
Mar 1994 — Saudi Pak Commercial Bank founded as Pakistani commercial bank.
2008 — Saudi Pak Commercial Bank renamed Silk Bank post-IFC + Bank Muscat + Sinthos Capital + International Finance Investment consortium acquisition.
2024 — United Bank Limited UBL announces planned acquisition of Silk Bank for ~$28M.
2014 — Silk Mobile banking app launch.
Ownership & operator
Operating entity: Silk Bank Limited (Pakistani commercial bank; PSX: SILK).
Major shareholders: IFC + Bank Muscat + Sinthos Capital + International Finance Investment consortium + United Bank Limited UBL planned acquirer post-2024 announcement.
Regulators: SBP State Bank of Pakistan.
Technical integration
Silk Mobile Banking app (iOS + Android) + silkbank.com.pk online + Silk Bank branch network across Pakistan + Silk Visa + Mastercard cards; PK IBAN + Raast + Pak-QR.
Implementations & partners
Major Pakistani banking + payments competitors: Habib Bank Limited (HBL) (HBL Habib Bank; PSX: HBL; Pakistan's largest commercial bank by assets) + UBL United Bank Limited Pakistan (United Bank Limited UBL; PSX: UBL; Silk Bank planned acquirer post-2024 announcement) + MCB Bank Pakistan (MCB Bank; PSX: MCB) + Allied Bank Limited Pakistan (Allied Bank Limited; PSX: ABL) + Meezan Bank (Meezan Bank; PSX: MEBL; Pakistan's largest Islamic bank by assets) + Askari Bank (Askari Bank Limited; PSX: AKBL) + Bank Alfalah (Alfa App) (Bank Alfalah; PSX: BAFL) + Faysal Bank (Faysal Bank; PSX: FABL) + Standard Chartered Pakistan (Standard Chartered Pakistan).
Regulators: SBP State Bank of Pakistan.
Status
Active, PSX:SILK + Pakistani commercial bank + United Bank Limited UBL planned acquisition for ~$28M post-2024 announcement + Pakistani commercial bank 1, 2.
Sources
- 1 Silk Bank — official
- 2 Silk Bank — Wikipedia
- Pakistan report In-corpus:
reports/countries/PK-pakistan.md
Source
Biography extracted from silk-bank.md. See matrix.md for standards-support matrix if present.