What is the new name of Summit Bank?
Summit Bank Limited officially changed its corporate name to Bank Makramah Limited (BML) following a strategic acquisition of majority shares by investor Nasser Abdulla Hussain Lootah. This comprehensive corporate rebranding marked the institution's formal transformation into a full-fledged Islamic commercial bank, updating its core operational vision, digital channels, and branch network across Pakistan to comply strictly with Shari'a banking principles.
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Following a strategic corporate restructuring and conversion into a full-fledged Islamic financial institution, Summit Bank was officially rebranded and renamed as Bank Makramah Limited (BML).