SilkBank seeks an extension from SBP to evaluate additional collateral obtained

By MG News | December 16, 2019 at 12:33 PM GMT+05:00

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December 16, 2019 (MLN): Silk Bank Limited via notification to Pakistan Stock Exchange (PSX), has informed that the process of valuation of the additional collateral obtained by the Bank, is underway and is expected to be completed shortly.

The Bank has therefore sought an extension from SBP, for finalizing and publishing its third-quarter financial statements as 30-09-2019, till the end of January 2020, to reflect the full impact of additional collateral obtained.

To recall, the bank had sought time from SBP, till December 15, 2019, for the conclusion of the evaluation process and publishing its quarterly financial statements.

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