Summit Bank, a large Pakistani retail bank, has over 193 branches across Pakistan. It’s a subsidiary of a Mauritius based investment company called Suroor Investment. Summit Bank’s origins trace back to 2007 when Arif Habib Securities Limited acquired Pakistan Operations of Rupali Bank Limited rebranding it to Arif Habib Bank Ltd.
Later, Suroor Investments Ltd. acquired 59.41% stake in Arif Habib Bank Ltd. in 2010, rebranding it to f Summit Bank Ltd. The bank has a strong footprint in Islamic Banking with 48 out of its 193 branches currently offering Islamic Banking solutions. Summit Bank aims to become a full-fledged Islamic Bank from the commercial bank that it presently is.
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