MCB Bank Pakistan

MCB Bank is one of the oldest banks of Pakistan, incorporated in private sector in 1947. It was nationalized in 1974 and privatized in 1991. MCB Bank's major shareholding is owned by Nishat group, a prominent business conglomerate, having diversified interests in Textiles, Cement, Banking, Insurance, Power Generation, Hotel Business, Agriculture, Dairy, Auto Manufacturing and Paper Products.

To enter into international capital markets, the Bank launched its Global Depositary Receipts (GDRs) in 2006. It was the first Pakistani Bank which had its GDRs listed on the London Stock Exchange. In 2008, the Bank entered into a strategic partnership with Maybank, Malaysia, which owns 18.78% stake in MCB through Maybank International Trust (Labuan) Berhad. In 2017, operations of NIB Bank were successfully amalgamated into and with MCB under a merger scheme. MCB is the first Pakistani Bank which incorporated a wholly owned Islamic Banking subsidiary, MCB Islamic Bank Limited, to meet requirements of a significant segment of society, for financial solutions that conform to Shariah rulings, and demonstrate our confidence in the potential of the Islamic Banking industry in the country.

The Bank operates a strong and extensive domestic and international network, supported by a wide range of digital banking channels that enable customers to access services anytime, anywhere. With a broad and growing customer base, MCB continues to play a leading role in Pakistan’s banking and financial services sector while maintaining a presence in select international markets. The Bank enjoys the highest local credit ratings of AAA/A1+ for long-term and short-term respectively, as assigned by Pakistan Credit Rating Agency (PACRA).

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