MCB wins 2 CFAAP awards for 2010


Chartered Financial Analyst Association, Pakistan (CFA) 8th Annual Excellence Awards Ceremony was held at Karachi. Securities & Exchange Commission of Pakistan (SECP) Chairman Muhammad Ali was the chief guest on the occasion. MCB has proven its great success as it stands tall by winning not one but two precious awards for “The Best Bank of the Year” and “The Most Stable Bank of the Year” by the Chartered Financial Analyst Association, Pakistan (CFA AP) at ‘8th CFA Pakistan’s Annual Excellence Awards 2010’.
In the picture taken on the occasion, MCB Bank Ltd Group Head Corporate Banking Muhtashim Ashai is receiving the awards from SECP Chairman Muhammad Ali. The CFA Annual Excellence Awards are considered to be the most prestigious awards in the investment industry as CFAAP with members in different stock exchanges, brokerage houses, banks and other financial institutions, has known reputation for promoting principled and professional standards within the financial services industry. MCB Bank won the Best Bank award under the category of Large Banks by gaining 1.15 for profitability, 0.94 for efficiency, 0.93 for growth and 1.74 points for solvency with a weighted average score of 4.77. MCB Bank also won the Most Stable Bank of the year award by scoring 5.11 points. MCB Bank President M.U.A Usmani, congratulated the MCB team on this great achievement.


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