It is a broadly described annual report of Summit Bank Limited in the year of 2007. Summit Bank Limited was formerly known as Arif Habib Bank Limited and changed its name to Summit Bank in August 2010. During the financial year, Total Assets of the Bank stood at Rs. 18,120,786 billion compared to Rs. 5,696,379 billion in 2006. Deposits and other accounts of the Bank Rs. 9,464,785 billion. The Share capital of the Bank stood at Rs. 4,500,000 billion. During the year, The Bank posted an earnings before tax of Rs. 326.9 million; an increase of 553%, whereas profit after tax was Rs. 230.165 million during the year showing an increase of 144.92%. Equity of the Bank has increased to Rs. 6.324 billion: an increase of 104%. Basic and diluted earnings per share (EPS) Rs. 0.65.
During the year under reference, the Bank issued @50% right shares to its existing shareholders at a premium of Rs. 10/-each which increased its equity to Rs. 6 billion.
More Annual Report of Summit Bank Limited:
- Annual Report 2006 of Summit Bank Limited
- Annual Report 2007 of Summit Bank Limited
- Annual Report 2008 of Summit Bank Limited
- Annual Report (Financial Statements) 2009 of Summit Bank Limited
- Annual Report 2010 of Summit Bank Limited
- Annual Report 2011 of Summit Bank Limited
- Annual Report 2012 of Summit Bank Limited
- Annual Report 2013 of Summit Bank Limited
- Annual Report 2014 of Summit Bank Limited
- Annual Report 2015 of Summit Bank Limited
- Annual Report 2016 of Summit Bank Limited
- Annual Report 2017 of Summit Bank Limited
