trending Market Intelligence /marketintelligence/en/news-insights/trending/eTrvtozM3SR4Da8VhjUOFg2 content esgSubNav
In This List

Summit Bank gets approval to conduct due diligence on Burj Bank

Blog

Insight Weekly: US election scenarios; borrowing costs rise; commercial REIT fears

Podcast

Street Talk | Episode 100 - KBW CEO offers optimism for bears fearful of bank liquidity, credit

Blog

Insight Weekly: Stocks endure more pain; bank branch M&A slows; debt ratios fall

Blog

Insight Weekly: Unease roils markets; US likely to slip into recession; firms' cash ratios fall


Summit Bank gets approval to conduct due diligence on Burj Bank

Summit BankLtd. won in-principle approval from the State Bank of Pakistan tocarry out due diligence on BurjBank Ltd.

The bank originally soughtpermission from the central bank in March, according to an April 29 statement.

Summit Bank is one of the several Pakistani lenders,including Al Baraka Bank(Pakistan) Ltd., interested in acquiring Burj Bank.