Summit Bank Limited

Update Date: 12-Aug-2011

Summit Bank Ltd is one of the fastest growing commercial banks of Pakistan, which, in a very short span of time, has expanded its network across country and built an infrastructure based on state of the art “Risk Management Framework” as well as “IT platform.” The Bank claims to have proved to be the best in terms of profitability amongst its peers.

Summit Bank, targeting to be a universal bank in terms of providing products and services in all key segments of banking i.e. Corporate and Investment Banking, Trade Finance, Commercial Mid Market / SMEs, and Consumer, commenced its operations in August 2006.

The Pakistan operations of Rupali Bank Limited were acquired by Arif Habib Securities Limited under the Scheme of Amalgamation approved by the State Bank of Pakistan. The name of Rupali Bank Ltd was subsequently changed to Arif Habib Rupali Bank Ltd and then finally to Arif Habib Bank Ltd in October 2007. On 31st March 2010, Suroor Investments Ltd a company incorporated in Mauritius, acquired 59.41% stake in Arif Habib Bank Ltd from Arif Habib Securities Ltd, and on 18th August 2010, Arif Habib Bank Ltd was rebranded as Summit Bank Ltd.

The Bank opened its doors for business with an Authorized Share Capital of PKR 6 billion and Paid up Capital of PKR 3 billion. As of yearend 2009, The Bank had a Paid up Capital of PKR 5 billion. Further PKR 2.5 Bio is expected to be injected, which will greatly enhance the bank’s capacity to grow and to diversify its business activities.

Within a short span of time, the Bank has expanded its geographical outreach, and presently it has 165 branches having presence in 20 different cities across the country, all Real – Time Online. The branch network has expanded to cover all four provinces of the country to ensure a nationwide coverage. It is now operating with a branch network of 165 branches for the year 2011.

While acquiring ‘A’ credit rating for Medium & Long Term [which denotes a healthy, stable and growing organization having a low expectation of credit risk] the bank has been able to multiply its balance sheet size almost seven times since inception supported by incurring initial infrastructure building cost, a remarkable achievement amongst its peers.

The bank has acquired one of the best IT platforms of the world, offering web and SMS based banking to its customers besides providing superior MIS to the Management.

In addition, the Bank has developed state of the art, ‘Risk Management Framework’ of International Standards; including Best Practice Policies, Infrastructure and Methodologies. A long term business plan has been formulated and implemented. Key elements of the strategy include; cost and operational efficiency through use of technology, Service and Product differentiation and a Focused Niche Market Approach i.e. capitalizing on synergies with the group’s business. A professional team is in place as part of Bank’s strategy to hire quality human resource.

Suroor Investments Ltd, the bank’s new shareholder, has entered into share purchase agreements (SPAs) with majority shareholders of MyBank Ltd and Atlas Bank Ltd. After the transactions have been completed, these banks have merged with Summit Bank Ltd. In line with the management’s vision of making this bank a front runner amongst its peer banks, this merger has brought synergies and access to a wider range of markets and customers. The bank is committed to be recognized as a preferred supplier of financial services to the markets it serves. To achieve these goals, it expects to strengthen in the financial service industry, leverage optimal mix of technology to attain operating cost efficiencies, achieve product and service differentiation, while at the same time growing it’s footprint through expansion of its branch network across the country.


To be the preferred provider of financial products & services to the markets.

bullet To be a financial institution based on Trust, Integrity, and Good Governance.
bullet To deliver financial solutions to customers.
bullet To provide equal opportunities & professional working environment to employees.
bullet To provide fair return to shareholders on their investment.
bullet To serve the community at large.
bullet To discharge corporate social responsibility.


Chief Executive:  

Update Date: 12-Aug-2011

Not Available

Mr. Husain Lawai
President and Chief Executive Officer
Summit Bank Limited

Profile will be published upon receipt.

Key Management:

Mohammad Zahir Esmail

Update Date: 17-Mar-2015

Chief Operating Officer

Syed Mohammad Anwar Lutfullah

Update Date: 17-Mar-2015

Group Head Information Technology and Operations.

Ahsan Raza Durrani

Update Date: 17-Mar-2015

Group Head Corporate and Investment Banking

Gulrays Khan

Update Date: 17-Mar-2015

Group Head Human Resource Management, Administration, Compliance and Control

Imran Ahmed

Update Date: 17-Mar-2015

Group Head Enterprise Risk Management

Faisal Shaikha

Update Date: 17-Mar-2015

Head of Treasury & Financial Institution.

Irfan Saleem Awan

Update Date: 17-Mar-2015

Chief Financial Officer


Aziz Morris


Update Date: 17-Mar-2015

Head of Internal Audit

Imran Hashmi

Update Date: 17-Mar-2015

Company Secretary (Acting)

Syed Rashid Rahman

Update Date: 17-Mar-2015

Group Head Islamic Banking

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