Wednesday , 17 January 2018
You are here: Home » Business » Banks » MCB


Pakistan runs a wide range of commercial banking system; MCB is one of these banks. On 9th July 1947, the bank was first launched. The bank has been serving the country for more than 60 years and known to be the chief bank in Pakistan. The bank has marked its status on the heights of success by deploying heads on technological developments, banking quality, professionally leading management and principled work methodologies.


In 1974, MCB was publically owned like other private bank by the government of Pakistan and in 1991 it was privatized to Nishat Group. After being privatized the augmentation of the bank has been exceptional. Now it is highly recognized by the foreign banks in Sri Lanka. In 2006, MCB was the first bank to commence Global Depository Receipts (GDR). The May Bank in Malaysia holds 20% shares in MCB through its entirely owned subordinate May ban International Trust. Since 2006, Berhad is indirectly present in the international district of Bahrain, Dubai, Hong Kong, Azerbaijan and Sri Lanka and serves by the domestic network of 1,150 branches, over 690 ATMs across the country and has 4.96 million consumers. Approximately it has the deposit base of PKR.545 billion and total assets of PKR 766 billion, which drives its position among the leading banks in Pakistan.


In Pakistan it is the oldest and reliable bank which is internationally recognized and also plays a fundamental role in representing the country on global platforms. The bank has been awarded by MMT, Asian Money, Euro Money, SAFA (SAARC), The Assets and The Asian Banker. Mian Muhammad Mansha is the chairman of the bank, S.M.Muneer is the Vice chairman and Imran Maqbool is the President CEO. In Karachi, Islamabad and Lahore stock Exchanges MCB shares are traded and London Stock Exchange Professional Securities Market shows its GDRs. As it is the reliable bank it presents the information of MCB Investor Relation by it self. Its status is compliance with KYC and AML regulations prescribed by State Bank of Pakistan.




            They offer their consumers free Cheque books, Demand Draft, Pay Orders and many more. Their services are available 24/7 by their online banking system, you can access to your account round the clock. The bank provides maximum facility to its customers.


About Bisma Umair

Comments are closed.

Scroll To Top