Press Release

Update on Ratings of Summit Bank Limited

Karachi, June 7, 2023: VIS Credit Rating Company Limited (VIS) notes that Summit Bank Limited has released the Financial Statement for 2022 and Q1’2023, however the restructuring plan is still awaited. Summit Bank Limited has sought extension from State Bank of Pakistan for submission of credit ratings in lieu of that. On receipt and review of restructuring plan, VIS will review the ratings. In the meantime, ratings remain suspended.
For further information, please contact the undersigned at 021-35311861-64 (Ext. 207) or email at

Sara Ahmed

Applicable Rating Criteria: Financial Institution Methodology (May 2023)

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