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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]
Bank Name [1] Bank name (in Arabic) Headquarters Stock code (if applicable) [2] [3] Abu Dhabi Commercial Bank: بنك أبوظبي التجاري: Abu Dhabi: ADX: ADCB: Abu Dhabi Islamic Bank
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 Limited; National Bank of Abu Dhabi; National Bank of Pakistan; Philippine National Bank; Saudi National Commercial Bank (The) Securities & Investment Company B.S.C ( c ) Standard Chartered Bank; State Bank of India; TAIB Bank B.S.C. (c) The Bank of Tokyo-Mitsubishi UFJ Ltd. The International Banking Corporation B.S.C. (c) Turk Ekonomi ...
In May 2014, Meezan Bank agreed to acquire Pakistani operations of HSBC Bank Middle East which included 10 local branches and access to 75 multinational corporate clients. [ 12 ] [ 13 ] [ 14 ] A year later, Meezan Bank acquired Pakistan operations of HSBC Oman consisting of a single branch.
It is one of the largest private banks in Pakistan with a network of more than 890 branches in more than 200 cities across Pakistan with an international presence in Bangladesh, Afghanistan, Bahrain and UAE of 12 branches. [3] The Bank is listed on the Pakistan Stock Exchange.
MCB Group is a large financial services conglomerate. As of 31 March 2015, it had an estimated asset base of over US$7.4 billion (MUR 267.7 billion) and estimated shareholders' equity of more than US$1.0 billion (MUR 35.2 billion).
Dubai-based businessman, Nasser Abdullah Hussain Lootah, has shown intention to acquire majority shareholding (at least 51 percent) of Summit Bank Limited while ensuring that the bank complies with the minimum capital requirements and capital adequacy ratio prescribed by the State Bank of Pakistan. [14] [15]