Karachi, June 07, 2023 (PPI-OT): VIS Credit Rating Company Limited (VIS) notes that Summit Bank Limited has released the Financial Statement for 2022 and Q1’2023, however the restructuring plan is still awaited. Summit Bank Limited has sought extension from State Bank of Pakistan for submission of credit ratings in lieu of that. On receipt and review of restructuring plan, VIS will review the ratings. In the meantime, ratings remain suspended.

For more information, contact:

Director Compliance and Rating Analytics,

VIS Credit Rating Company Limited

VIS House, 128/C, 25th Lane off Khayaban-e-Ittehad,

Phase VII, DHA, Karachi, Pakistan

Tel: +92-21-35311861-72

Fax: +92-21-35311873

Email: [email protected]

Website: https://www.vis.com.pk/

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