Search results
Results From The WOW.Com Content Network
MCB Bank was incorporated as Muslim Commercial Bank in July 1947, shortly before the Partition of India, under the encouragement of Muhammad Ali Jinnah. [2] The founders, Adamjee Haji Dawood and M. A. Ispahani, were joined by directors from major Muslim commercial and industrial families, including the Ispahani, Adamjee, Dada, Arag, and Amin Jute families. [2]
Deutsche Bank AG (Deutsche Bank Pakistan) Citi Bank N.A (CitiBank N.A Pakistan) Industrial and Commercial Bank of China Limited (ICBC Pakistan) Bank of China [3] (Bank of China Pakistan Branch) The Hong Kong and Shanghai Bank (HSBC Bank Pakistan) The Bank of Tokyo-Mitsubishi UFJ (MUFG Bank Pakistan)
Logo used in 2001. MNET Services Private Limited was a Pakistani operator of inter-bank connectivity platform of MCB Bank Ltd (formerly known as Muslim Commercial Bank) for online financial transaction processing and offers a managed services portfolio that includes card personalisation & management, mobile payment services and ATM & POS controller hosting.
In 2009, Arif Habib sold the bank to Suroor Investments for Rs. 2.7 billion (US$32.5 million) which then merged with Atlas Bank and Mybank to form Summit Bank. [3] In 2010, Arif Habib merged its investment arm, Arif Habib Investments, with MCB Asset Management to form the MCB-Arif Habib Savings and Investments Limited. [3]
Mian Mohammad Mansha Yahya (Urdu: میاں محمد منشاء) is a Pakistani business magnate who is the current chairman of MCB Bank. [1] His family owns Nishat Group. [2] Mansha and some of his immediate family members are among the highest tax-paying individuals in Pakistan. [2]
Adamjee Insurance, Adamjee Life Assurance, DG Cement, Lalpir Power, MCB Bank, MCB Funds, Nishat Mills Limited, Nishat Chunian Power, Nishat Power Limited, Pakgen Power [ 1 ] Packages Group
In November 2018, the Competition Commission of Pakistan approved Alipay's – a subsidiary of Ant Financial – acquisition of 45% shareholding in the microfinance bank for $184.5 million. [6] [7] In November 2021, the board of MCB bank approved to conduct due diligence to buy 55% shares of Telenor Microfinance Bank. [8] [9] [10]
MCB Group was created by MCB's shareholder with the aim of separate the banking and non-banking operations and raise capital in order to position itself for future growth. [ 5 ] [ 6 ] During the restructure, shareholders of MCB exchanged their MCB shares for MCB Group shares on a 1:1 ratio and the various subsidiaries previously held by ...