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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]
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.
It remained the tallest building in Pakistan for four decades until the 29-floor and 116m tall MCB Tower was built, also in Karachi. [ 7 ] [ 8 ] HBL Plaza was inaugurated to mark the 25th anniversary of the bank, [ 9 ] and started its operations on 4 September 1971.
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)
MCB Bank: Financials Banks Karachi: 1947 Commercial bank, owned by Nishat Group: P A Meezan Bank: Financials Banks Karachi: 1997 Commercial bank P A MG Motors Pakistan: Consumer goods Automobiles Lahore: 2020 Cars manufacturer, joint venture of JW-SEZ Group & MG (China) P A Millat Tractors: Industrials Machinery: Agricultural Lahore: 1965
[3] [6] During Aziz's tenure, the bank's branch network grew by 77 percent, from 163 to 289 branches, with nearly three-quarters of the new branches being established outside Karachi and major cities. [3] By June 2018, the bank had a presence in over 100 cities, compared to 21 cities prior to his tenure. [3]
In 2006, Arif Habib Securities Limited acquired the Pakistani operations of Rupali Bank Limited, under the Scheme of Amalgamation by the State Bank of Pakistan. [5] The resulting bank was named Arif Habib Rupali Bank, and it began operations on August 5, 2006. [6] [7] In 2008, then known as Arif Habib Bank was listed on the Karachi Stock ...
MCB Bank Limited (15%) Habib Bank Limited (11.35%) LSE Ventures Limited (10%) National Investment Trust (6.35%) Industrial Development Bank of Pakistan (5%) Pak China Investment Company Limited (5%) Parent: Pakistan Stock Exchange: Website: cdcpakistan.com: Footnotes / references Financials as of 30 June 2023 [1]