Summit Bank
Summit Bank is a Pakistani retail bank, which is a subsidiary of Suroor Investment and is in Karachi, Pakistan., a Mauritius investment company. It has a network of 193 branches across the country.History
In 2007, Arif Habib Securities Limited acquired Pakistan Operations of Rupali Bank Limited, under the Scheme of Amalgamation by the State Bank of Pakistan.
In 2010, Suroor Investments Ltd. acquired 59.41% stake in Arif Habib Bank Ltd. Suroor Investments is an investment firm based in Mauritius. Later in 2010, Arif Habib Bank Ltd. was rebranded under the name of Summit Bank Ltd.
Suroor Investments Ltd. acquired majority shares of Atlas Bank Ltd. and MyBank Ltd. and these banks were later on came under the umbrella of Summit Bank Ltd., increasing the network of the bank to over 193 branches in the country.
