MCB Bank is one of the oldest banks in Pakistan, incorporated in the private sector in 1947. It was nationalized in 1974 and privatized in 1991. MCB Bank’s major shareholding is owned by Nishat group a prominent business conglomerate, having diversified interests in Textiles, Cement, Banking, Insurance, Power Generation, Hotel Business, Agriculture, Dairy, Auto Manufacturing, and Paper Products.
To enter international capital markets, the Bank launched its Global Depositary Receipts (GDRs) in 2006. It was the first Pakistani Bank that got its GDRs listed on the London Stock Exchange. In 2008, the Bank entered into a strategic partnership with Maybank, Malaysia, which owns an 18.78% stake in MCB through Maybank International Trust (Labuan) Berhad.
In 2017, Fullerton Financial Holdings (International) of Singapore through Bugis Investments (Mauritius) Pte Ltd acquired a 5.49% stake in MCB under the merger scheme of NIB Bank with and into MCB Bank Limited. MCB is the first Pakistani Bank that incorporated a wholly owned Islamic Banking subsidiary, MCB Islamic Bank Limited, to meet the requirements of a significant segment of society for financial solutions that conform to Shariah rulings and demonstrate our confidence in the potential of the Islamic Banking industry in the country.
The Bank operates a strong and vast network of over 1,400 Branches and over 1,450 ATMs in Pakistan and an overseas footprint in UAE, Bahrain, and Sri Lanka. With a customer base of over 8 million, MCB leads the banking & financial services sector in Pakistan, and customers across the globe have 24/7 access to MCB Bank via our World Class Internet Banking. The Bank on a group basis is operating the 2nd largest network of more than 1,600 branches in Pakistan. The Bank enjoys the highest local credit ratings of AAA / A1+ categories for long-term and short term respectively issued by PACRA.