Muslim Commercial Bank Limited

Background History

MCB bank limited was incorporated by the Adamjee group on July 9,1947, as a limited company
The bank was nationalized in 1947 during the government of Zulfikar Ali Bhutto. The president
of the bank is M.U.A Usmani.The majority of shares are owned by Pakistani conglomerate
Nishat Group and Malaysian bank Maybank. This was the first bank to be privatized in 1991 In
year 2005, the name of the bank was changed from "Muslim Commercial Bank Limited" to
"MCB Bank Limited".In 2008, the Maybank (Malaysia) announced acquisition of 20% of stake
in MCB Bank Limited’s equity by purchasing a little more than 94 million ordinary shares from
the Nishat Group.
In year 2000, the bank established its Islamic Banking Business Group and opened its first
branch in 2003by 2014 the Islamic Banking network had grown to 34 branches. This was in
addition to and separate from bank's 1,100 conventional banking branches 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, commonly known as Jail Road

Product & Services

MCB Bank offers a wide range of products and services hence ensuring ease and freedom for the
customer to bank from any of the 1350+, branches across the country and a wide array of digital
channels.

Products
 MCB-ATM card
 MCB Rupee Traveler Cheque
 MCB mobile Banking
 MCB online Banking
 MCB call center

Services
 Agriculture Financing
 Lockers
Revenue & Rank
The bank has been the most profitable bank for two years continuously. It had a close
competition with the National Bank of Pakistan. But it beat the public sector bank in terms of
profitability. However, the profit of the bank was second-highest after NBP by the end of the
third quarter of 2019 with a minor difference.
In comparison to last year, MCB recorded a growth of 12.2% in profit. This recorded the second-
highest profit of the bank in its history since it made Rs. 24.3 billion back in 2014.
ORGANIZATION STRUCTURE