MCB Bank

MCB Bank
Company typePublic
PSXMCB
KSE 100 component
KSE 30 component
IndustryBanking
FoundedJuly 9, 1947; 77 years ago (1947-07-09)
FounderAdamjee Haji Dawood
Headquarters
Lahore-54660
,
Key people
ProductsLoans, credit cards, Debit cards, savings, consumer banking, Home Remittance etc.
RevenueIncreaseRs. 180.61 billion (US$630 million)[1] (2023)
Increase Rs. 125.24 billion (US$430 million)[1] (2023)
Increase Rs. 59.63 billion (US$210 million)[1] (2023)
Total assetsIncrease Rs. 2.42 trillion (US$8.4 billion)[1] (2023)
Total equityIncreaseRs. 206.61 billion (US$720 million)[1] (2023)
OwnerMaybank (18.78%)
Nishat Mills (8.02%)
Adamjee Insurance (5%)
Security General Insurance (5%)
Number of employees
14,420[1] (2023)
ParentMaybank
Nishat Group
SubsidiariesMCB Islamic Bank
MCB Non-Bank Credit Organization Closed Joint Stock Company
MCB Investment Management Limited (81.42%)
Websitemcb.com.pk

MCB Bank Limited (Urdu: ایم سی بی بینک) is a Pakistani multinational commercial bank which is based in Lahore, Punjab, Pakistan. The majority of shares are owned by Pakistani conglomerate Nishat Group and Malaysian bank Maybank. The bank has a network of 2000 branches and over 1200 ATMs in Pakistan. The current President/CEO of the bank is Shoaib Mumtaz.

MCB, advised by Merrill Lynch, became the fourth Pakistani company (the other three being Hubco, PTCL, and Chakwal cement; they all have been delisted) to list on the London Stock Exchange when it raised US$150 million in global depositary receipts.

  1. ^ a b c d e f "MCB Annual Report 2023" (PDF). MCB.com.pk. Retrieved 26 March 2024.