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Summit Bank Limited has described rumours circulating in social media about the Bank as false, baseless and misleading. According to bank''s statement issued on Tuesday, this refers to the false, misleading and baseless rumours being circulated in social media by some unscrupulous individuals about normal clearing activity or business operations of Summit Bank Limited (the Bank)in view of the NCCPL''s letter no. NCCPL/CRO/131/18 August 02, 2018.

"We would like to clarify that NCCPL''s letter has no impact on the normal business operations and normal customer clearing activity of the Bank i.e. RTGS, clearing of cheques, pay orders or other banking instruments etc. and only pertains to the stock exchange related settlement transactions of brokerage houses/PSX members," it added.

Summit Bank therefore reiterated that all such rumours circulating in the social media about the Summit Bank are false, baseless and misleading.

The public in general and depositors of the Bank in particular are advised not to pay attention to any such rumours. Moreover, Summit Bank is taking strict legal action against the individuals involved in this false and baseless campaign on social media, the bank said.-PR

Copyright Business Recorder, 2018


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