Sindh Bank starts due diligence of Summit Bank

The Board approved the said consortium led by Grant Thornton Anjum Rahman


Press Release February 09, 2017
First quarterly report says agricultural sector recovers with improved output of major crops. PHOTO: EXPRESS

KARACHI: The State Bank of Pakistan on December 27, 2016 gave Sindh Bank in principle approval to conduct due diligence of Summit Bank. Accordingly, Sindh Bank after following the prescribed rules of SPPRA proposed the Consortium of Consultants to their Board of Directors in its meeting held on February 9, 2017. The Board approved the said consortium led by Grant Thornton Anjum Rahman, (“GT”) (“Chartered Accountancy Firm”) and Mohsin Tayebaly and Company (“MTC”) for due diligence of Summit Bank Limited as so to start the process of their merger into Sindh Bank.

Published in The Express Tribune, February 10th, 2017.

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