History of MCB Bank
MCB Bank Limited, is one of the oldest and leading banks in Pakistan. It was incorporated on July 9 in 1947. MCB Bank was nationalized alongwith other private banks in 1974 as part of Government of Pakistan's economic reform movement and was later privatized in 1991. The Bank has journeyed a 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 Bank in one of the largest foreign banks in Sri Lanka; the first bank in Pakistan to launch Global Depository Receipts (GDR) in 2006 and has strategic foreign partnership with Maybank of Malaysia which holds 20% shares in MCB Bank through its wholly owned subsidiary Mayban International Trust (Labuan) Berhad since 2008.
The Bank is versed as one of the oldest and most responsible Banks in Pakistan and has played pivotal role in representing the country on global platforms while being one of the few institutions that are recognized and traded in the international market.
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. The Bank has also been acknowledged though prestigious recognition and awards by Euromoney, World Finance, MMT, Asia Money, SAFA (SAARC), The Asset Triple A, Finance Asia, NFEH, CFA, Pakistan Centre of Philanthropy and The Asian Banker.
The Bank 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).