Muslim Commercial Bank

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MCB Bank Limited (Formerly Muslim Commercial Bank)
Type	Private
Founded	Lahore
Headquarters	Registered Office: Islamabad, Principal Office: Lahore Pakistan
Key people	Mian Mohammad Mansha (Chairman)
Industry	Banking Capital Markets
Products	Loans, Credit Cards, Savings, Consumer Banking etc.
Revenue	▲PKR 31.787 Billion (2007)^[1]
Net income	▲PKR 15.266 Billion (2007)^[2]
Website	www.mcb.com.pk

Muslim Commercial Bank Limited was incorporated by the Adamjee Group on July 9, 1947 under the Indian Companies Act, VII of 1913 as a Limited Company. The bank was established with a view to provide banking facilities to the business community of the sub-continent. The bank was nationalized in 1974 during the government of Zulfiqar Ali Bhutto. This was the first bank to privatized in 1991 and the bank was purchased by a consortium of distinguished Pakistani corporate groups, led by Nishat Group. Currently the Nishat Group owns a majority stake in the bank. The president of the bank is Mr. Atif Bajwa (previously with Citibank) and the Chairman is Mian Mohammad Mansha.

In 2003 the management of the bank changed its name from Muslim Commercial Bank Limited to MCB Bank Limited (MCB). On May 5th, 2008 Maybank of Malyasia bought 15% of Muslim Commercial Bank of Pakistan^[3]

MCB is currently the 4th largest bank in Pakistan in terms of share of total banking assets and the largest by market capitalization it has a robust franchise with 994 branches including 6 overseas branches (as of FY06). MCB also has the 4th largest branch network and the largest ATM network in Pakistan. Based on the audited financial statement for the period ending December 31, 2006 the bank had USD 5.7 Billion in Total Assets and Net Income of USD 207 Million. It has a market capitalization of approximately USD 4.3 Billion by end December 2007. The MCB Tower in Karachi serves as the MCB's headquarters, and is also the tallest building in Pakistan. MCB, advised by Merrill Lynch, became the fourth Pakistani company (the other three being Hubco, PTCL and Chakwal Cement - they all have been delisted) to list on the London Stock Exchange when it raised $150 million global depositary receipts.

1 See also
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Human Right Vilation by MCB Bank Ltd Employers against Employees

MCB BANK LTD EMPLOYERS ARE DOING HUMAN RIGHT VILATION.

On 2 May,2008 Saeed Ghani while addressing the participants urged the coalition government to look into the problems facing workers sympathetically and implement the promises made by the Prime Minister for the betterment of the working classes. He slammed the indifferent approach of employers towards their workers, who were being deprived of basic rights they were entitled to for according to the international labour laws. He said the employers are getting to be richer and richer while workers are being deprived of their basic rights of getting medical treatment, increments and other benefits.

Ghani said any conspiracy against the workforce trade unions would be met with equal force. “We can compromise over our political affiliation but cannot betray our comrades,” Saeed Ghani vowed.

MCB bank Ltd Union demand to reinstate those Employees dismissed by illegal action of the Mangagement in 2008.