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Summit Bank Limited (Pakistan)

Main Activities: Commercial Banking
Full name: Summit Bank Limited Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Pakistan’s Summit Bank, previously known as Arif Habib Bank, is a full-fledged Islamic bank, headquartered in Islamabad. It was launched in 2007 after Arif Habib Securities Limited acquired the Pakistani operations of Bengali Rupali Bank Limited. Its rebranding to Summit Bank took place in 2010, when Suroor Investments Ltd. company acquired the majority stake in the bank from Arif Habib Securities. Later on, the parent company bought stake in other Pakistani credit institutions, expanding its network to over 190 branches across Pakistan.

Headquarters
Bank Makramah Limited (Bml), Service Quality Department,Head Office, 10Th Floor, Plot No. G-2,Block 2
Karachi; Sindh;

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Website: http://www.bankmakramah.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2005
Key Executives
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President
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Chairperson
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Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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20.85%
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8.56%
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0.92%
Subsidiaries
Arif Habib Securties Limited
86%
Suroor Investments Limited
59.06%
Deg-Deutsche Investitons- Und Entwicklungsgese Llschaft Mbh
7.73%
Company Performance
Financial values in the chart are available after Summit Bank Limited report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency PKR. Absolute financial data is included in the purchased report.
Net interest income
-14.31%
Operating profit (EBIT)
-1.05%
Net Profit (Loss) for the Period
-67.09%
Total assets
105.18%
Total equity
27.21%
Total Assets Trend
79.57%
Net Interest Income Trend
-89.1%
Loans to Deposits Ratio
-11.3%
Loans to Asset Ratio
-20.67%

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