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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]
Incorporated in 2001, MNET was the first company in Pakistan to provide a secure electronic inter-bank connectivity platform for online financial transactions. [1] In 2002, SBP circular for the mandatory connectivity of either of the two switches (1LINK or MNET). [2] In 2004, SBP instructed 1LINK and MNET to interconnect with each other. [3]
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) Saudi National Bank (Samba Financial Group|Samba Bank (Pakistan) Limited)
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NIB Bank's main business units included Retail Banking, Commercial Banking, Corporate and Investment Banking and Treasury Services. The Bank competed with all other major banks operating in Pakistan. [2] NIB bank ceased its operations in Pakistan with effect from July 7, 2017 and its assets now stand amalgamated into MCB.
MCB Group was created by MCB's shareholder with the aim of separate the banking and non-banking operations and raise capital in order to position itself for future growth. [ 5 ] [ 6 ] During the restructure, shareholders of MCB exchanged their MCB shares for MCB Group shares on a 1:1 ratio and the various subsidiaries previously held by ...
Category: Banking in Pakistan. 3 languages. ... State Bank of Pakistan Museum & Art Gallery This page was last edited on 12 January 2020, at 06:43 (UTC). ...
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; National Bank of Abu Dhabi; National Bank of Pakistan; Philippine ...