# Silk Bank

> Source: https://docs.barcoder.ai/docs/wallets/silk-bank
> research date 2026-06-01 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Silk Bank — official](https://www.silkbank.com.pk/)

## Overview

**Silk Bank** is **PSX: SILK** + **Pakistani commercial bank** + **United Bank Limited UBL planned acquisition for ~$28M post-2024 announcement** + **Pakistani commercial bank** <sup>[1][1], [Pakistan report](https://docs.barcoder.ai/docs/payments/PK)</sup>.

## 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)](https://docs.barcoder.ai/docs/wallets/habib-bank-pakistan) (HBL Habib Bank; PSX: HBL; Pakistan's largest commercial bank by assets) + [UBL United Bank Limited Pakistan](https://docs.barcoder.ai/docs/wallets/ubl-pakistan) (United Bank Limited UBL; PSX: UBL; Silk Bank planned acquirer post-2024 announcement) + [MCB Bank Pakistan](https://docs.barcoder.ai/docs/wallets/mcb-pakistan) (MCB Bank; PSX: MCB) + [Allied Bank Limited Pakistan](https://docs.barcoder.ai/docs/wallets/allied-bank-pakistan) (Allied Bank Limited; PSX: ABL) + [Meezan Bank](https://docs.barcoder.ai/docs/wallets/meezan-bank) (Meezan Bank; PSX: MEBL; Pakistan's largest Islamic bank by assets) + [Askari Bank](https://docs.barcoder.ai/docs/wallets/askari-bank) (Askari Bank Limited; PSX: AKBL) + [Bank Alfalah (Alfa App)](https://docs.barcoder.ai/docs/wallets/bank-alfalah) (Bank Alfalah; PSX: BAFL) + [Faysal Bank](https://docs.barcoder.ai/docs/wallets/faysal-bank) (Faysal Bank; PSX: FABL) + [Standard Chartered Pakistan](https://docs.barcoder.ai/docs/wallets/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** <sup>[1][1], [2][2]</sup>.

## Sources

[1]: https://www.silkbank.com.pk/ "Silk Bank — official"
[2]: https://en.wikipedia.org/wiki/Silkbank "Silk Bank — Wikipedia"
[pk-cro]: https://docs.barcoder.ai/docs/payments/PK

- [1] [Silk Bank — official][1]
- [2] [Silk Bank — Wikipedia][2]
- <sup>[Pakistan report](https://docs.barcoder.ai/docs/payments/PK)</sup> In-corpus: `reports/countries/PK-pakistan.md`

## Source

Biography extracted from [silk-bank.md](https://docs.barcoder.ai/source/wallets/silk-bank). See `matrix.md` for standards-support matrix if present.