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Appointment of new Director of MCB Bank Limited

Date: March 21, 2014 Author: Web Desk Category: Elections / Appointments Tags: Short URL Comments: 0

Karachi: MCB Bank Limited informed Karachi Stock Exchange about SBP clearance on March 20, 2014 for appointing Mr. Mohammad Suhail Amar Suresh Bin Abdullah, as Non-Executive Director of MCB Bank Limited.

MCB Bank Limited was incorporated in Pakistan on July 9, 1947. MCB bank was nationalized in 1974 as pat of Government of Pakistan’s economic reform movement. It was later privatized to Nishat Group in 1991. The bank has a domestic network of over 1208 branches, 27 Islamic banking branches and over 690 ATMs across Pakistan. It is also recognized and traded on the international markets. The bank has been acknowledged and awarded by Euro money, MMT, Asia Money, SAFA (SAARC), The Asset and The Asian Banker. The ordinary shares of the bank are listed on Karachi, Lahore and Islamabad Stock Exchanges within Pakistan whereas its global depository receipts are traded on the international order book system of the London Stock Exchange. The registered office of the bank is located in Lahore.

The bank is engaged with commercial banking and related services. The entire MCB Group includes MCB Financial Services Limited, MNET Services Private Limited, MCB Trade Services Limited, MCB- Arif Habib Savings and Investments Limited and MCB Leasing Closed Joint Stock Company.

The symbol “MCB” is being used by the stock exchanges for the shares of MCB Bank Limited.