Company Profile – MCB

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MCB Bank Limited is among the top 5 Banks in Pakistan with a net asset base of PKR 1 trillion (USD 9.9 million). The Bank was setup in 1947 and was later privatized in 1991. The Bank is listed on Pakistan Stock Exchange (PSX) and also listed on the London Stock Exchange for its issue of GDRs in 2006. Maybank, Malaysia owns 20% stake in MCB Bank Limited through Mayban International Trust (Labuan) Berhad since 2008. It currently carries entity risk rating of AAA (long term) and A1+ (short term) which is the highest category rating by Pakistan Credit Rating Agency (PACRA).

The Bank has a vast branch network of 1,236 local branches in Pakistan and 11 foreign branches with an employee base of 18,000+.  The Bank has 1000+ ATMs across Pakistan and offers Internet banking and Mobile Banking as well. The Bank has 5 subsidiaries and 2 associated companies in its Group and has a Board of 12 distinguished Directors under the Chairmanship of Mr. Mohammad Mansha.

Being a pioneer in various fields, MCB Bank was the first Bank to launch GDRs and the first ever Bank to be listed on the London Stock Exchange from Pakistan. It was also the pioneer in launching Mobile banking; an effective branchless banking medium and a great technological step in Pakistan’s banking industry.  

To more of its credit, MCB Bank Limited has the highest dividend payout ratio, highest CASA base of 93%, highest Return on Assets at 2.74% and has maintained one of the highest spreads for many years in the Industry. The Bank also has one of the highest Return on Equity (24.55%), one of the lowest cost to income ratio (34.21%) and infection ratio (6.40%) and one of the highest market capitalization in the equity markets.

The Bank has prestigious awards and accolades to its credit as well. MCB Bank recently won “Best Bank in Pakistan 2015” award from Finance Asia under Country Awards Achievement category. It is also the winner of “Most Stable Bank of the Year 2014” by CFA 12th Excellence Awards. In 2013 MCB Bank secured the prestigious awards for “Best Domestic Bank in Pakistan” and “Best Islamic Deal”  by The Asset Triple A.  In 2010, The Asian Banker awarded “The Asian Banker Leadership Achievement Award” and “Strongest Bank in Pakistan”. In 2008, it was also declared “Best Bank in Asia” by Euromoney.  MCB Bank has been adjudged “The Best Bank in Pakistan” four times and “The Best Domestic Bank” once, besides being declared “The Best Domestic Bank in Pakistan” by Asia Money.

The Bank is compliant with Basel 2 Risk Management Framework and Anti Money Laundering Policies. MCB Bank is actively involved in various CSR activities as well and constantly strives to contribute towards the country’s betterment. It has played a key role in enhancing the role and value of service and technology in the banking industry through its customer centric objectives.

Company Website: https://www.mcb.com.pk/

 

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