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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.
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).
Allied Bank Limited (ABL) Lahore: Askari Bank (Fauji Group) Islamabad: Bank Alfalah Limited (BAFL) 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 ...
Habib Bank Limited (Urdu pronunciation: [ha.ˈbiːb bɛŋk] hah-BEEB-BANK) is a Pakistani commercial bank based at Habib Bank Plaza, Karachi. It is a subsidiary of Swiss-based organisation Aga Khan Fund for Economic Development. Established in 1941 by the Habib Family, it is one of the oldest bank of Pakistan.
Gulf One Investment Bank B.S.C ( c ) Habib Bank Limited; HDFC Bank; HSBC Bank Middle East Limited; ING Bank A.S. International Bank for Commerce Under liquidation; Investcorp Bank B.S.C. JPMorgan Chase Bank, N.A. JS Bank Limited; Korea Exchange Bank; Kuwait Asia Bank E.C. Under liquidation; Malayan Banking Berhad Maybank; MCB Bank Limited ...
The bank has a balance sheet of 5.5 trillion Pakistani rupees ($20 billion), and has grown its business in a country which has one of the smallest shares of population with bank accounts in the world.
[3] [4] The bank is named after Habib Esmail, the founder of Habib Bank Limited, and is owned by the descendants of Habib's third son, Mohammedali Habib. [3] The other branch of Habib family founded Bank AL Habib, which is owned by the descendants of Habib's elder son, Dawood Habib. [3] The bank was listed on the Karachi Stock Exchange in the ...
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]