About Mybank
Mybank is a Financial Services company based in Karachi (Pakistan) founded in 1992, and was acquired by Summit Bank in April 2011. Commercial banking services are provided by Mybank in Pakistan. Its focus areas include Banks and Commercial Banks. Its competitors include HBL, Bank Alfalah and MCB Bank; 2 of its 3 listed competitors have raised funding.
Company details
Mybank was established in 1992 in Karachi, Pakistan, as a commercial bank within the financial sector. Operations focus on standard banking activities, including deposit accounts, loan facilities, and payment services for retail and corporate clients. The company maintains its primary base in Pakistan, with digital access available through the domain mybankltd.com. Geographic emphasis remains on local markets, supporting everyday financial needs without international expansion noted.
- Headquarters Karachi, Pakistan
- Stage Acquired
- SectorsFinancial Services
- Phone•••• ••••
- Website mybankltd.com
- Social LinkedIn
- Acquired by Summit Bank (Apr 2011)
- Investors
- Acquired bySummit Bank
(Apr 2011)
Investors in Mybank
Mybank has secured backing from 1 investor. Prominent investors backing the company include Summit Bank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified Islamic financial services are provided in Pakistan. | 2006 | summitbank.com.pk | Karachi, Pakistan |
Investor details for Mybank
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- Complete investor list
- Round participation
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Timeline of Mybank
2 dated milestones of Mybank across 19 years, from founding to its latest funding, stage changes and deals.
- Founded Mybank is founded.
- Exit Acquired by Summit Bank.
Competitors of Mybank
Mybank has 3 listed competitors in our database, 2 of them funded. They include HBL, Bank Alfalah and MCB Bank.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hbl.com | 1940 | Karachi, Pakistan | $121.1M | Commercial banking services are offered by HBL in Pakistan. | ||
| bankalfalah.com | 1997 | Karachi, Pakistan | $66M | Financial solutions are offered to consumers, corporations, institutions, and governments. | ||
| mcb.com.pk | 1947 | Lahore, Pakistan | Operates as a diversified financial institution offering banking services. |
Detailed competitors of Mybank
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Frequently Asked Questions about Mybank
Mybank was founded in 1992.
Mybank is headquartered in Karachi, Pakistan. It is registered at Karachi, Sindh, Pakistan.
Mybank was established in 1992 in Karachi, Pakistan, as a commercial bank within the financial sector. Operations focus on standard banking activities, including deposit accounts, loan facilities, and payment services for retail and corporate clients. The company maintains its primary base in Pakistan, with digital access available through the domain mybankltd.com. Geographic emphasis remains on local markets, supporting everyday financial needs without international expansion noted.
Mybank's top competitors include HBL, Bank Alfalah and MCB Bank.
Mybank has 1 investor. Key investors include Summit Bank.
Yes. Mybank was acquired by Summit Bank in April 2011.