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MCB Bank Limited, with more
than 60 years of experience as one of the leading banks in Pakistan, was
incorporated on July 9 in 1947. The bank has journeyed remarkable tenure of
more than half a century of competitively edged and well positioned heights
of success by deploying quality banking, heads on technological
developments, professionally leading management and prudent and ethical work
methodologies.
MCB was nationalized along
with other private banks in 1974 as part of Government of Pakistan's
economic reform movement and was later privatized to Nishat Group lead
consortium in 1991. Since privatization, MCB's growth has been phenomenal.
Today, MCB in one of the largest foreign banks in Sri Lanka, the first bank
in Pakistan to launch Global Depository Receipts (GDR) in 2006, has
strategic foreign partnership with Maybank of Malaysia which holds 20%
shares in MCB through its wholly owned subsidiary Mayban International Trust
(Labuan) Berhad since 2008.
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MCB has international
indirect regional presence in Dubai (UAE), Bahrain, Azerbaijan, Hong Kong
and Sri Lanka and serving through a domestic network of over 1,130 branches
and 600 ATMs across Pakistan with a customer base of 4.5 million (apprx.) |
