Summit Bank Ltd.

Sector: Offices Of Bank Holding Companies Region: Pakistan

Exchange/Ticker: Karachi Stock Exchange: SMBL

Company Description

Summit Bank Ltd. operates as a holding company with interest in providing banking services. Its branch network covers Sindh, Punjab, Khyber Pakhtunkhwa, Balochistan and Azad Jammu and Kashmir and these branches are online real-time, providing customers with countless facilities. The company operates through five segments: Corporate finance, Trading and sales, Retail banking, Commercial banking and Payment and settlement. The Corporate Finance segment provides underwriting, securitisation, investment banking, syndications, IPO related activities and secondary private placements services and the Trading and Sales segment undertakes treasury, money market and capital market activities. The Retail Banking segment provides services to small borrowers i.e. consumers, small and medium enterprises and to the agricultural sector. The Commercial Banking segment provides loans, deposits and other transactions to corporate customers. It offers customers a diverse range of electronic services and convenient banking options through various channels, such as ATMs, mobile phones and Internet. The Payment and settlement segment offers payments and collections, funds transfer, clearing and settlement services. It was founded on December 9, 2005 and is headquartered in Karachi, Pakistan.

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