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MCB Bank Limited formerly known as Muslim Commercial Bank Limited was incorporated by the Adamjee Group on July

9, 1947, under the Indian Companies Act, VII of 1913 as a limited company. The bank was established with a view to provide banking facilities to the business community of the South Asia. The bank was nationalized in 1974 during the government of Zulfikar Ali Bhutto. This was the first bank to be privatized in 1991 and the bank was purchased by a consortium of Pakistani corporate groups led by Nishat Group. As of June 2008, the Nishat Group owns a majority stake in the bank. The president of the bank is Mr. Atif Bajwa (previously with Citi Bank).

Founded in 1948, Nishat Group is one of the leading and most diversified business groups in Pakistan. The group has strong presence in the most important business sectors of the country such as banking, textile, cement and insurance.

Mian Mohammad Mansha is the Chairman of the group (and also MCB) and has played instrumental role in its success. In recognition of Mr. Mansha’s contribution, the Government of Pakistan has conferred him with "Sitara-e-Imtiaz", one of the most prestigious civil awards of the country.


MCB is Pakistan’s fourth largest bank by assets having an asset base of US$ 5.9 billion, and the largest by market capitalization having a market capitalization of US$ 1.8 billion. The Bank has a customer base of approximately 4 million and a nationwide distribution network of 1,081 branches, including 8 Islamic banking branches, and over 300 ATMs, in a market with a population of over160 million.

In 2009, MCB reported a profit after tax of PKR 15.5 billion (appx.US$183 million) and generated a return on average equity of 27.35% and a return on assets of 3.25%. The Bank’s asset quality is strong with a gross NPL ratio of 8.62%.

During the last fifteen years, the Bank has concentrated on growth through improving service quality, investment in technology and people, utilizing its extensive branch network, developing a large and stable deposit base and managing its non-performing loans via improved risk management processes.

MCB has 1081 branches (as of 31st December, 2009) including local branches, and business establishments in SriLanka and Bahrain including newly established Rep.Office in Dubai, UAE. The Bank has also formed a private company in Hong Kong (fully owned subsidiary of MCB) in

MCB has been successful in turning around its operations since its privatization and is moving forward to set high performance standards with the continuous support of its customers and leadership in banking technology. funds transfer and other seasonal requirements. namely retail and corporate. launching diversified and innovative products. including reinvigorating Investment Banking and beefing up relationship teams. It is a strong competitor in cash management and structured financing activities. MCB has also incorporated an Asset Management Company in the year 2005 known as MCB Asset Management Company. MCB caters to their needs of financing foreign and local trade. Retail Banking Group focuses on trading and middle market segment primarily for building risk assets and trade related business. As a result of organizational restructuring. through consolidating corporate banking operations. giving more focus to consumer financing and investing in IT. Business Strategy The business strategy of MCB is to provide financial solutions to major segments of its customer base. the Group is in line with the industry’s best practices. The recently launched running financing facility against the mortgage of . Separate business groups have been set up to ensure a more focused approach in satisfying the diversified customer segments. handling trade transactions of select countries in the Asia-Pacific region. Fully Owned Subsidiaries of MCB are: • Muslim Commercial Financial Services (Private) Limited • MNET Services (Private) Limited • MCB Trade Services Limited • MCB Asset Management Company Limited • MCB leasing (Closed Joint Stock Company) The Bank has achieved this success. MCB has a significant share of consumer financing business with its House and Car Financing schemes. The Bank has renovated a large number of branches and staff has been trained for meeting the requirements of SMEs and other retail customers.partnership with Standard Chartered Bank. The Group also focuses on the development of innovative consumer asset products for satisfying the personal needs of the customers. The plan for future is to further realize the capacity of Islamic Financial Systems and to bring Shariah compliant network parallel to current retail network of traditional banking. Wholesale Banking Group caters to the top tier local and multinational companies. The Bank has also established an Islamic Banking unit to offer Shariah compliant products and services. especially in the last few years. strengthening retail banking. MCB has also incorporated a leasing company in Azerbaijan in 2009. To further strengthen its financial services base. MCB has closed some large deals and is currently working on a number of large transactions including advisory business. A separate SME Financing Division has been set up to provide customized financing solutions to this very important segment of the economy. with dedicated Islamic banking branches in six cities.

The consistency in growth and the resilience MCB has shown during the past few years. With the experience gained in the past few years. MCB Virtual-Internet Banking with its wide ranging banking solutions for the customers for individual as well as corporate customers has become the most preferred Internet banking solution in the country. which include “Best Bank in Asia” in 2008. MCB Bank Limited received Euromoney Award for Excellence seven times in the last eight years. MCB mobile banking was launched in mid-CY09. This step has also played an important role in interconnecting all ATMs of the country. and volumes on the platform have already crossed the PKR 1 billion mark. The Bank has also deployed an extensive network of Point of Sale Terminals at thousands of merchants in major cities of the country. It has completed almost nineteen successful years of privatization in 2010 and its growth and stability is a case study for prospective government institutions waiting to be privatized. four times “The Best Bank in Pakistan” award and one . the most multifunctional card of the country. Technological leadership has helped the Bank in providing multiple delivery channels to the customers and satisfying their needs anytime & anywhere in the world. The acknowledgements do not end at home. MCB offers the most comprehensive Internet banking solution in the country. going forward this entails improvement in fee income as well as generation of sticky zero-cost is also expected to go a long way in increasing the quality consumer credit portfolio of the bank. MCB ATM/Debit Card. the Bank is fast progressing towards becoming the leading bank in consumer business. Information Technology MCB’s name is synonymous with ATM facility in the country as the Bank has been a pioneer in introducing 24-hour cash withdrawal facility and on-screen transactions. The Bank also pioneered the idea of sharing its ATM network with other banks by establishing an electronic platform for enhanced network accessibility and secure on-line transactions. thus having the privilege of being the first and only bank with full-fledged card acquiring and issuing systems. Recognition at Home & Abroad MCB at home is recognized as a successful model of privatization. especially at uncertain economic times is by all means outstanding. with its collaboration with Cirrus and Maestro can be used globally. While the services are free for now.

advised by Merrill Lynch. In July 2008 Maybank exercised its right to increase its stake to 20%. MCB Bank also received the “The Strongest Bank 2010” award by The Asian Banker for being Pakistan’s best-performing financial institution in 2010. The MCB Tower in Karachi serves as the MCB's headquarters. The total consideration paid was approximately US$686 million. The acquisition is in-line with Maybank’s strategy. . the management of the bank abbreviated its name from Muslim Commercial Bank Limited to MCB Bank Limited to explore international markets. In May 2008 Malaysian bank. In 2008 the head office of MCB was shifted from Karachi to Lahore in a newly constructed building. namely MCB House located at Sharea Ghous-ul-Azam. President and CEO MCB Bank. and is also the tallest building in Pakistan. 2008.4% premium to MCB’s closing share price of PKR 422 on May 2. has been awarded “The Qatar Financial Centre Asian Banker Leadership Achievement Award 2010”. MCB. The purchase price represented an 11. commonly known as Jail Road. PTCL and Chakwal cement .0x and a price to 2008 earnings multiple of 15.9% to the average closing share price for MCB over the 30 trading days immediately preceding the date of this announcement. as Malaysia’s financial services leader in the region. Based on MCB’s December 31.time “The Best Domestic Bank” award besides being declared the “The Best Domestic Bank in Pakistan” by Asia Money for the last two years. they were facing resistance due to the word Muslim especially from Western Countries to avail license. to build its presence in key growth markets across the region. Maybank and MCB signed an agreement.527 ordinary shares in MCB. a price to 2007 earnings multiple of 18. 2007 audited book value. whereby Maybank acquired 20% of the ordinary shares in MCB from Nishat Group. MCB & Maybank In 2005. one of Pakistan’s premier financial services groups.241. It also paves the way for MCB. the purchase price represents an implied price to book value multiple of 5. and a premium of 12. for a cash price of PKR470 per share. Atif Bajwa.13x. became the fourth Pakistani Company (the other three being Hubco. Maybank initially acquired from Nishat Group 94. to engage Maybank as its exclusive foreign commercial bank strategic partner.2x. representing a 15% stake in the Bank.they all have been delisted) to list on the London Stock Exchange when it raised US$150 million global depositary receipts.

for 9th time was named "Best Bank in Pakistan" by UK-based magazine Euromoney for bank's impressive performance and growth in the year.abdallahshah.U. Euromoney Editor. 2009. M.000 customers in short time.The stake in MCB allows Maybank the right to appoint two Directors to represent its interest on the Board of MCB. Within first three months of its commercial launch. It also launched first chip-based debit card in Pakistan. Euromoney awards recognized institutions and individuals that demonstrate leadership. Our focus in years to come will be geared to build on impressive growth that we have achieved to date. "This award recognizes MCB Bank's record of strong organic" He said MCB Bank continued to be best bank in Pakistan once again this year. Islamic banking. MCB Bank provided lead to all major banks of Pakistan that are now following trail left by Best Bank of Pakistan.equities. innovation in markets in which they excel. among others. Euromoney awards attracted over 600 submissions from world's leading banks and brokerage houses. bank's mobile service registered more than 145. Maybank and MCB believe that significant revenue synergies can be attained. scheduled to be on March 27. Regarded as flagship awards for financial services globally. Clive Horwood said "bank's growth continued in 2011. asset management and SME banking. Maybank and MCB are also expected to enter into a business cooperation arrangement which will include. shown resilience by managing best banking practices in challenging economy. One of these Directors was to be appointed immediately and the second Director will be appointed upon completion of the term of the existing Board. As part of the transaction.A. credit cards.html MCB Bank named "Best Bank in Pakistan" by UK Magazine Euromoney [Pakistan Press International] Al Bawaba Ltd. Leveraging Maybank’s leadership and experience in these segments coupled with MCB’s brand and broad distribution network. Both Maybank and MCB are also expected to benefit from increased business ties and trade flows between Pakistan and Malaysia. He said transaction banking division's performance in particular caught the eye. bank issued more than 50. MCB Bank. leading financial markets magazine.000 debit cards. http://www. posting decent numbers across the board in a market that remains in difficult transition. Its staff show professional acumen that shielded bank much better than its counterparts from any shocks. In consumer banking. Since 1992 Euromoney." President MCB Bank. Usmani said. as well as our contribution to economy and society in Pakistan. http://www. retail banking. singled out outstanding institutions in .