Silkbank came into existence 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. On March 31, 2008, a Consortium comprising of IFC, Bank Muscat, Nomura International and Sinthos Capital acquired 86.55% stake in Saudi Pak Commercial Bank. Saudi Pak was rebranded as Silkbank Limited on June 1, 2009. Under the new leadership the bank continues to focus on SME & Consumer financing for increased profitability. The vision of the bank is to become a benchmark of excellence in premier banking. The mission of the bank is to be the leader in premier banking, trusted by customers for accessibility, service & innovation and be an employer of choice creating value for all stakeholders.