Karachi, Summit Bank Limited informed Pakistan Stock Exchange that external auditors, M/s. Baker Tilly Mehmood Idrees Qamar, Chartered Accountants (BTMIQ) are close to conclude the external audit and thereafter the issuance of requisite auditor’s report for the financial year ended December 31, 2019 is subject to certain signing conditions which the banks is in process of arranging and compilation for onward furnishing to the external auditors.
Summit Bank Limited was incorporated in Pakistan as a public company limited on December 09, 2005 under the Companies Ordinance, 1984. The ultimate holding company of the Group which comprises of Summit Bank Limited the holding company and Summit Capital Private Limited a wholly owned subsidiary is Suroor Investments Limited a company incorporated in Mauritius. The bank is principally engaged in the business of commercial banking through its 187 branches in Pakistan as defined in the Banking Ordinance, 1962. The stocks of the bank are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the bank is situated at Islamabad.
The bank commenced its operation in August, 2006 and commenced in all the segments of banking which include Corporate and Investment Banking, Trade Finance, Commercial Mid Market / SMEs, and Consumer Banking.
The symbol “SMBL” is being used by the stock exchanges for the shares of Summit Bank Limited.