Silkbank
Silkbank, formerly known as Saudi-Pak Commercial Bank, is a Pakistani commercial bank which is based in Karachi, Pakistan. It has a branch network of 123 in 39 cities.History
The bank was founded in 1994.
Saudi Pak Industrial and Agricultural Investment Company Ltd acquired Prudential Commercial Bank Limited on September 15, 2001.
In March 2008, a consortium comprising International Finance Corporation, Bank of Muscat, Nomura and Sinthos Capital led by Pakistani banker Shaukat Tarin acquired a majority stake in Saudi Pak bank for $213 million. In June 2008, the bank changed its name to Silk Bank Limited.
In 2015, Arif Habib Group acquired 28 percent stake in the bank.
