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MCB Bank Limited is a Pakistani commercial bank which is based in Lahore, Punjab. The majority of shares are owned by companies that are part of Nishat Group or Malaysian bank Maybank . MCB Bank is listed on the Pakistan Stock Exchange and the London Stock Exchange .
MCB Bank Limited (MCB) Lahore: Soneri Bank: Karachi: Standard Chartered Pakistan (SC Pakistan) Karachi: ... 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.
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]
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]
Nishat Group's origins goes back to a leather business in Calcutta, British India, established by Mian Muhammad Yahya. [6] Following the partition of India in 1947, Mian Muhammad Yahya and his three brothers, Mian Hameed, Mian Rafiq, and Mian Ayub, founded Nishat Mills in Pakistan in 1951. [6]
NIB Bank's main business units included Retail Banking, Commercial Banking, Corporate and Investment Banking and Treasury Services. The Bank competed with all other major banks operating in Pakistan. [2] NIB bank ceased its operations in Pakistan with effect from July 7, 2017 and its assets now stand amalgamated into MCB.
MCB Tower, situated in Karachi, Pakistan, is the former headquarters of MCB Bank Limited. It is the fifteenth tallest building in Pakistan . It is about 116 m (381 ft) tall and contains 29 floors and 3 basement floors.