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Karachi: Bank Al-Habib Limited (BAHL) Karachi: Habib Bank Limited (HBL) Karachi: Habib Metropolitan Bank Limited: Karachi: JS Bank Limited (JSBL) Karachi: MCB Bank Limited (MCB) Lahore: Soneri Bank: Karachi: Standard Chartered Pakistan (SC Pakistan) Karachi: United Bank Limited (UBL) Karachi
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]
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]
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]
Karachi: Banking [2] 7: Colgate-Palmolive Pakistan: Rs. 364.96 billion (US$1.3 billion) Karachi: Fast-moving consumer goods [2] 8: Pakistan Tobacco Company: Rs. 340.26 billion (US$1.2 billion) Islamabad: Tobacco [2] 9: Nestlé Pakistan: Rs. 337.85 billion (US$1.2 billion) Lahore: Fast-moving consumer goods [2] 10: MCB Bank: Rs. 333.36 billion ...
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.
HabibMetro's main branch on I.I. Chundrigar Road in Karachi. Habib Metropolitan Bank was established in 1992 as a subsidiary of Habib Bank AG Zurich, following the government's decision in 1991 to allow private banks in Pakistan.
PICIC Commercial Bank Limited was a Pakistani bank based in Karachi, Pakistan. Pakistan Industrial Credit and Investment Corporation (PICIC) acquired it as Gulf Commercial Bank Limited in early 2001. The bank was renamed as PICIC Commercial Bank Limited. In 2007, the bank and its operations were merged into NIB Bank.