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Commerce

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Submitted By Falak
Words 3239
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Vision
Benchmark of Excellence in premier banking
Mission
To be the leader in premier banking, trusted by customers for accessibility, service & innovation; be an employer of choice creating value for all stakeholder.
Values
Silkbank prides itself in being a conscientious and responsible corporate citizen with a commitment to the development of Pakistan. At Silkbank our employees are encouraged to give back to society and we have made concerted efforts towards the development of healthcare, education and constructive, character building sports activities in the underdeveloped segments of our country.
Core values * Customer Focus * Integrity * Teamwork * Creativity * Meritocracy * Humility

History
On September 15, 2001, under the supervision of the State Bank of Pakistan (SBP), the institution then known as the Prudential Bank was acquired by the management and associates of the Saudi Pak Industrial and Agricultural Investment Company (Pvt) Ltd (SAPICO).
On March 31, 2008, a Consortium comprising of IFC, Bank Muscat, Nomura International and Sinthos Capital led by senior bankers Mr. Shaukat Tarin and Mr. Sadeq Sayeed acquired 86.55% stake in Silkbank for around $213 million or $0.47 per share (PKR 29.3 equivalent per share). Under the new leadership, the Bank will continue to focus on SME & Consumer financing resulting in efforts of increased profitability.
Board of Directors
Mr. Munnawar Hamid OBE, Chairman
Mr. Hamid was elected Director and Chairman of the Board, in March 2008 and was re-elected as a Director by the shareholders of the Bank and Chairman by the Board in August 2011. He is also Chairman of the HR Committee of the Board. Mr. Hamid gained experience of commerce and industry while serving in a major chemicals company, ICI Pakistan Limited, as Chief Executive, as well as Chairman of a number of subsidiary

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