A Review On Summit Bank

[Aleena]

The most popular service in the current era is Internet Banking or e-banking. Internet Banking is the activity of conducting transactions or banking activities via the internet with the platforms provided by each bank. The main purpose of Internet Banking is to make it easier for customers to carry out banking activities without having to resort to traditional methods, such as visiting bank offices and dealing with bank officers. Internet Banking services will always be linked to the customer's bank account, so that every banking activity will be reflected directly. Generally, the money given from the bank is large enough to exceed the income, and provides education to the debtor so that they can manage their finances properly

[zahid2016]

We all know that the bank is the safest place to save or borrow money. Apart from providing deposit and credit facilities, of course you also know about credit cards. These three products are well-known products that are best known to the public.
However, nowadays with the times and deregulation of regulations in banking, there are various other banking services and services that can be useful for customers. Of course some of you have used and felt the benefits of these services, but if you haven't then you can check out their functions and how they work now.

The most popular service in the current era is Internet Banking or e-banking. Internet Banking is the activity of conducting transactions or banking activities via the internet with the platforms provided by each bank. The main purpose of Internet Banking is to make it easier for customers to carry out banking activities without having to resort to traditional methods, such as visiting bank offices and dealing with bank officers. Internet Banking services will always be linked to the customer's bank account, so that every banking activity will be reflected directly.
With the Internet Banking service, bank and customer interaction patterns have become more flexible. Customers can access Internet Banking services as long as they are connected to the internet to carry out banking activities anytime and anywhere.

[Aleena]

The function of a bank that has been available for a long time is the storage of valuables. Customers can store valuable items such as jewelry, gold, securities, or other valuables. Banks can also rent out safe deposit boxes. The two main functions and side functions of the bank support each other and play an important role in realizing equitable national development.
The bank's operational system starts with savings. First of all, the bank will take the money that has been collected and take profits, then give some of the profits in the form of interest to savings customers. The bank's profits are obtained from investing the savings fund into investments with higher interest rates. Banks can also lend to customers who need funds with loan interest rates higher than savings interest.

[zahid2016]

Internet Banking is the activity of conducting transactions or banking activities via the internet with the platforms provided by each bank. The main purpose of Internet Banking is to make it easier for customers to carry out banking activities without having to resort to traditional methods, such as visiting bank offices and dealing with bank officers. Internet Banking services will always be linked to the customer's bank account, so that every banking activity will be reflected directly.
With the Internet Banking service, bank and customer interaction patterns have become more flexible. Customers can access Internet Banking services as long as they are connected to the internet to carry out banking activities anytime and anywhere.
Borrowing money from banks does not appear to be a complicated matter at this time because with the intense competition between banks, all facilities regarding terms and processes have been given to prospective borrowers to be able to obtain loans. There are many needs that must be fulfilled, but sometimes the income we have is not able to pay for everything we want.
However, even though it is considered instant and can get quite a large amount of money compared to borrowing from relatives, this bank loan also has several advantages and disadvantages that should be considered.

[lover222]

Sumit Bank of Pakistan Pakistan ka behtarin Bank hai is Bank ki khasiyat aapko khinchvana shuru karun to bahut kam hogi kyon ke yahan per Jo services customer ko milati hai customer ek tarfa jab is service se fayda utha lete Hain to vah kisi bhi dusre Bank ko join karne ki koshish bhi nahin karta kyunki Jo services sumit bank main aapko milati hai vah kisi bhi dusre baithe nahin milati sumit Bank ki sabse fast networking hai aap Paisa kisi bhi jagah per Jo a sakte ho vah bhi seconds mein kyunki yahan per Jo services provide hoti hai vah kisi bhi dusre bande mein nahin hai sumit Bank ke bank accounts bahut kishan ke Hain jinmen business account business class on current account complete current account iske alava saving account kabhi bahut achcha system hai iske alava lockers mil jaate Hain jinmen aap apni ginti Asia ko ki main force tarike se rakh sakte ho iske alava prize Bond system koi bhi scheme mein gadi system ka system aur bahut sari chijen aapko mil jaati hai Jo dusre Bank mein he provide karte Hain

[Qasim14]

Sumit Bank bhi Pakistan ka Bank hai aur ismein log kafi jyada interest leteyahan per saving plus account ke milte Hain aur aapko current account mein baat hai sweet bankers Adda experience mil ko nahin hai lekin uski bahut jyada branches Pakistan mein kam se kam 45 se above hi honge Chin se log kafi jyada fayda utha rahe hain sumit Bank ki sabse acchi baat yahi hai ki ismein bhi paisa aap kahin se bhi transfer kar sakte ho aur uski charges bhi bahut kam hai aur iski services bhi bahut Allah kishan ki behtarin kishan ki services Hain agar main aapko kahun to yah baat kam na hogisummit Bank Pakistan ka sabse bestlog iska jyada istemal karte Hain ki is Bank mein aapko kisi bhi tarah ki transaction karne mein dikkat pesh nahin aati iska amla yahan worker bahut acche Hain jo aapko har taraf se information de dete Hain Kya aapane kis tarah kam karna hai

[Royal003]

Summit Bank
Summit Bank ya islamic bank hy is ki bari choti mila kr kull 48 branchy hain our ya wase toor par 22 sy zadia sharoo ma phali hoie hain. Ya aik ba atmad bank ky jo logoo ko boht mofeed sahoolt farahm krta hy. Ya pakistan ma waqia hy our is ki main baranch pakistan k saher karachi ma hy.ya boht acha our har kisam ki sahoolt data hy . Ia lia ya aik allah meyal ka bharoosy mand bank hy.

[Pak3000]

Samba (bank)

INTRODUCTION:

Samba Financial Group SJSC, formerly known as The Saudi American Bank, is a Saudi multinational banking firm based in Saudi Arabia. The combined institution had 66 branches in the Kingdom.
Its international operations consist of a branch each in London, Qatar and Dubai, as well as a subsidiary that has 40 branches across major cities in Pakistan. The company dates back to 1955. After a partial nationalization program by the Saudi government, Citibank owned a 40% stake in the company in 1980, but sold its remaining interest in 2004.
Samba and NCB planned a mega-merger worth 15.3 billion dollars. The merger would result in creation of Persian Gulf's third largest bank after Qatar National Bank and First Abu Dhabi Bank

HISTORY:

Samba, or The Saudi American Bank as it was once known, was established on 12 February 1980 with the takeover of Citibank branches in Jeddah and Riyadh in accordance with a Saudi requirement that forced all foreign banks to be at least 60% owned by Saudi nationals.Citigroup entered a Technical Management Agreement under which it agreed to manage the new bank. The former Prime Minister of Pakistan, Shaukat Aziz, was the Managing Director of the bank in the 1990s.

SPEED CASH SERVICES:

Samba Financial group is the first in the banking sector to have simplified the process of transferring the money overseas just within hours, Mohd Akhter Alam (General Manager) was the pioneer for these services.


Mohd Akhter Alam at the Launch of Speed Cash with Imran Khan
In July 1999 SAMBA merged with United Saudi Bank by an exchange of shares, to form one of the largest banks in the Middle East. Before the merger Citibank owned 30 percent of Samba, having sold a 10 percent tranche to two public agencies in 1991. After the merger Citibank was still the largest shareholder with 23 percent of the shares. Kingdom Holding Company (owned by Prince Al-Waleed bin Talal) also had a large share ownership deriving from his ownership in United Saudi Bank.

[jindon]

Banks have various types of risk which consist of 8 (eight) risks, namely Credit Risk, Market Risk, Operational Risk, Liquidity Risk, Legal Risk, Strategic Risk, Compliance Risk and Reputation Risk.

Credit Risk :
is the Risk due to failure of the debtor and / or other parties to fulfill obligations to the Bank. Credit risk generally exists in all activities of the Bank whose performance depends on the performance of the counterparty, issuer, or borrower (borrower). Credit Risk can also be caused by the concentration of provision of funds to debtors, geographic areas, products, types of financing, or certain business fields. This risk is commonly called Credit Concentration Risk and must also be taken into account in the inherent Risk assessment.

Market Risk :
is the Risk in the balance sheet position and off-balance sheet including derivative transactions, due to changes in market conditions, including the risk of changes in option prices. Market Risk includes, among others, interest rate risk, exchange rate risk, equity risk and commodity risk. This risk can come from both the trading book position and the banking book position.


Liquidity Risk :
is the Risk due to the inability of the Bank to meet its maturing obligations from cash flow funding sources, and / or from high quality collateralized liquid assets, without disturbing the activities and financial condition of the Bank. This risk is also known as funding liquidity risk.

Operational Risk :
is Risk due to inadequacy and / or malfunctioning of internal processes, human error, system failure, and / or external events that affect Bank operations. Sources of this risk include human resources, processes, systems and external events.

Legal Risk :
is the Risk that arises as a result of legal claims and / or weaknesses in juridical aspects. This risk may also arise due to, among other things, the absence of the underlying laws and regulations or the weaknesses of the engagement, such as not fulfilling the validity of the contract or insufficient collateral.

Strategic Risk :
is the Risk due to the Bank's inaccuracy in making decisions and / or implementing a strategic decision as well as failure to anticipate changes in the business environment. Sources of Strategic Risk, among others, arise from weaknesses in the strategy formulation process and inaccuracies in strategy formulation, inaccuracies in strategy implementation, and failure to anticipate changes in the business environment.

Compliance Risk :
is the Risk that arises as a result of the Bank not complying and / or not implementing the prevailing laws and regulations. Sources of Compliance Risk, among others, arise due to a lack of understanding or legal awareness of generally accepted business regulations and standards.

Reputation Risk :
is the risk due to a decrease in the level of stakeholder trust that comes from negative perceptions of the Bank. One of the approaches used in categorizing the sources of Reputation Risk is indirect (below the line) and directly (above the line).

[m148]

There are several risks after you borrow (credit) at the bank:

# The time for repayment of payments must be in accordance with the due date that has been mutually agreed upon. If it passes the specified time, a fine will be imposed depending on the bank's policy
# Generally, the money given from the bank is large enough to exceed the income, and provides education to the debtor so that they can manage their finances properly
# Banks will get richer and loan recipients will get poorer if they can't pay off their debts
# As a result of the increasing supply of credit, it will lead to inflation
# The lender can take coercive actions either to confiscate assets or even take force if the borrower does not immediately pay what is his obligation even though he has to go bankrupt
# If the borrower does not pay off his debt in full, the bank will confiscate the ownership of a single company or partner that collaborates with the borrower who signed the credit contract