Karachi: Silkbank held a ‘Meet The Press’ event Monday to announce half yearly results the bank had gathered for the year 2017.
Shuja Alvi, head of investment banking, gave a brief overview on the bank’s wonderful performance and highlighting and showcasing Silkbank growth in the time to come.
Shaukat Tarin, adviser to the chairman, spoke about the laurels the bank had achieved in a very short stint of time.
He also spoke about the changing banking trends in Pakistan and how Silkbank was performing its role in providing cutting-edge solutions for all its customers.
Tarin said that Silkbank’s business momentum would get further augmented by the addition of 35 new branches this year. The new branches are expected to contribute significantly to further growth in low cost deposits.
The bank’s newest initiative is the launch of the digital banking. Digital Silk has already been soft launched for the employees and is expected to be a game-changer.
Like credit cards the offer is not dependent on a branch distribution network. The digital banking has the ability to reach a much wider market segment, generating low cost deposits and enable the bank to leap frog growth.
Published in Daily Times, September 12th 2017.
