Silkbank Rights issuance process will be completed successfully by end September 2015. The Rights Subscription money is already in and upon completion of the process, Silkbank capital will be in excess of Rs. 14 billion, which substantially exceeds the regulatory requirement of Minimum Capital and Capital Adequacy Ratio.
Silkbank is backed by strong international sponsors, which include IFC (World Bank Group), Nomura European Investments, Bank Muscat and Sinthos Capital. Post Rights, this Group will be further strengthened by the inclusion of ArifHabib Corporation. The Group will continue to be led by Mr. Shaukat Tarin.