Karachi, Summit Bank Limitedinformed Pakistan Stock Exchange that a meeting of the Board of Directors of the Bank will be held on July 27, 2018 at Karachi to review the progress on the Merger of the Bank with and into Sindh Bank Limited.
Summit Bank Limited was incorporated in Pakistan as a public company limited on December 09, 2005 under the Companies Ordinance, 1984. The ultimate holding company of the Group which comprises of Summit Bank Limited the holding company and Summit Capital Private Limited a wholly owned subsidiary is Suroor Investments Limited a company incorporated in Mauritius. The bank is principally engaged in the business of commercial banking through its 187 branches in Pakistan as defined in the Banking Ordinance, 1962. The stocks of the bank are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the bank is situated at Islamabad.
The bank commenced its operation in August, 2006 and commenced in all the segments of banking which include Corporate and Investment Banking, Trade Finance, Commercial Mid Market / SMEs, and Consumer Banking.
The symbol “SMBL” is being used by the stock exchanges for the shares of Summit Bank Limited.