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State
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» Summit Bank |
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Summit Bank Ltd is one of the
fastest growing commercial banks of Pakistan, which, in a very short span of
time, has expanded its network across the country and built an
infrastructure based on state of the art “Risk Management Framework” as well
as “IT platform.”
Also targeting to be a
universal bank in terms of providing products and services in all key
segments of banking i.e. Corporate and Investment Banking, Trade Finance,
Commercial Mid Market / SMEs, and Consumer, it commenced its operations in
August 2006.
The Pakistan operations of Rupali Bank Limited were acquired by Arif Habib
Securities Limited under the Scheme of Amalgamation approved by the State
Bank of Pakistan. The name of Rupali Bank Ltd was subsequently changed to
Arif Habib Rupali Bank Ltd and then finally to Arif Habib Bank Ltd in
October 2007.
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On 31st March 2010, Suroor
Investments Ltd a company incorporated in Mauritius, acquired 59.41% stake
in Arif Habib Bank Ltd from Arif Habib Securities Ltd, and on 18th August
2010, Arif Habib Bank Ltd was rebranded as Summit Bank Ltd. |
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Summit Bank
Category : Privatized Banks
SWIFT Code :
Address :
Summit Bank Plaza
Mumtaz Hasan Road
Off I.I.Chundrigar Road
Karachi 74000
Telephone : +92-21 3246 8400-10
Website : www.summitbank.com.pk |
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Suroor Investments Ltd,
also entered into share purchase agreements (SPAs) with majority
shareholders of MyBank Ltd and Atlas Bank Ltd, who after completion of the
transactions have merged in Summit Bank Ltd expanding the Bank’s
geographical outreach with a network of 165 Real – Time Online branches
across the country. In line with the management’s vision of making this
bank a front runner amongst its peer banks, this merger has brought
synergies and access to a wider range of markets and customers.
By acquiring one of the best IT platforms of the world, offering web and
SMS based banking to the customers besides providing superior MIS to the
Management; the Bank is committed to be recognized as a preferred supplier
of financial services to the markets it serves. To achieve these goals,
the Bank will strengthen itself in the financial service industry,
leverage optimal mix of technology to attain operating cost efficiencies,
achieve product and service differentiation, while at the same time
growing its footprint through further expansion of its branch network
across the country.
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