Karachi, Summit Bank Limited informed Pakistan Stock Exchange about the resolutions passed in 10th annual general meeting of the company held on March 30, 2016 at Karachi. The agenda of the meeting was confirming the minutes of annual general meeting held on March 30, 2015, consideration of the audited financial statements of the company for the year ended December 31, 2015, appointing and fixing the remuneration of the auditors, election of directors for three years.
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.