Summit Bank

Summit Bank Ltd is one of the fastest growing commercial banks in Pakistan, which in a very short span of time, has expanded its network across the country. Also targeting to be a universal bank in terms of providing products and services to all key segments of banking i.e. Corporate and Investment Banking, Islamic Banking, Trade Finance, Commercial Mid Market / SMEs, and Consumer Banking. 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. 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. 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 192 Real-Time Online branches across the country. In line with the management's vision of making Summit Bank a front runner amongst its peer banks, this merger has brought synergies and access to a wider range of markets and customers.