Pakistan News

    Mcb Up More Branch Karachi

  • Court seeks record of MCB privatisation

    LAHORE: The Lahore High Court (LHC) summoned on Thursday the record of privatisation of the Muslim Commercial Bank (MCB) on an application filed by the National Accountability Bureau (NAB) against suspension of its investigation into the bank’s privatisation...

    During hearing of a petition filed by MCB Chairman Mian Mansha and MCB Director Khwaja Javed Iqbal, the NAB’s counsel said that the investigation had been initiated in the...

  • MCB earns Rs5.9bn profit

    KARACHI: MCB Bank re­­ported on Wednesday earnings of Rs5...

    MCB booked reversals of provision charges amounting to Rs878m, which were higher on a year-on-year basis, thus contributing to the bottom line...

  • MCB Bank’s foray into Islamic banking

    A relatively new entrant to the field, MCB Bank’s Islamic banking subsidiary — MCB Islamic Bank Ltd — received a ‘certificate of commencement of banking business’ from the State Bank of Pakistan last month...

    By the end of June, MCB’s Islamic banking division had just over Rs21bn in assets and Rs6...

  • MCB Bank in talks to buy NIB operations

    KARACHI: MCB Bank announced on Tuesday that it is interested in buying the operations of NIB Bank...

    According to a filing with the Pakistan Stock Exchange (PSX), MCB Bank and Fullerton Financial Holdings Pte Ltd (FFH) were in a preliminary non-binding discussion on a merger...

  • MCB Bank’s quest for strategic regional partners

    ON the morning of 15th of this month a flurry of activity was witnessed in the financial markets as MCB Bank Limited and NIB Bank Limited announced that they were in a preliminary non-binding discussion on a possible merger of NIB into MCB...

    According to analysts at KASB Securities, the swap ratio could be 120 to 131 shares of NIB for every share in MCB since the market price of MCB stock is Rs210 against NIB’s Rs2...

  • MCB Bank announces half-year results

    KARACHI: The board of directors of MCB Bank Limited, met under the chairmanship of Mian Mohammad Mansha, on Wednesday to review the performance of the bank and approve the financial statements for the half year ended June 30, 2018...

    During the six months period ended June 30, 2018, MCB Bank Limited reported profit before tax (PBT) of Rs16 billion (-9...

  • MCB earnings dip 25pc

    KARACHI/LAHORE: MCB posted 9MCY18 profit after tax (PAT) at Rs14...

    The MCB Board of Directors meeting, chaired by Mian Mohammad Mansha, reviewed the performance of the bank and approved financial statements for the nine months period ended September 30, 2018...

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