Tag: Mcb
MCB fund listed on LSE
Lahore Stock Exchange has approved the application for formal listing and quotation of the Units of MCB Islamic Income Fund, an Open-end Fund managed...
MCB Bank offers to train staff of Leading Iraqi Bank
A high level delegation from Rasheed Bank, the leading Iraqi bank led by its chairman Khadim M Nashoor, visited the head office of MCB...
MCB launches ‘supernova’
MCB Bank Limited has successfully implemented ‘Project Supernova’ for Unilever Pakistan Limited under their ‘Collection Mandate’. This is one of the largest collections arrangement...
MCB puts up strong performance
The Board of Directors has met under the Chairmanship of Mian Muhammad Mansha to review the performance of the bank and approve the financial...
Security guard robs 9 million rupees from MCB
KARACHI - Security guard robbed cash worth nine millions rupees from a local bank in Kharadar(Karachi) by cutting the lockers and fled away.
As per details, security guard with the help of his three friends cut down the lockers and robbed foreign and local currency worth nine millions from a branch of Muslim Commercial Bank located in the jurisdiction of Kharadar Police Station.
Police told that the suspect's companions were also wearing security guard's uniform. SSP of
As per details, security guard with the help of his three friends cut down the lockers and robbed foreign and local currency worth nine millions from a branch of Muslim Commercial Bank located in the jurisdiction of Kharadar Police Station.
Police told that the suspect's companions were also wearing security guard's uniform. SSP of
MCB holds 63rd Annual General Meeting
ISLAMABAD - The 63rd Annual General Meeting of MCB's shareholders, under the chairmanship of Aftab Ahmad Khan, was held at Islamabad to transact ordinary and special business of the Bank.
The chairman informed members that MCB had completed another remarkable year in terms of financial performance and had posted a profit before tax of Rs 26 billion, with a rise of 13 percent from 2009 and a profit after tax of Rs 17 billion, with an increase of nine percent from last year.
The chairman informed members that MCB had completed another remarkable year in terms of financial performance and had posted a profit before tax of Rs 26 billion, with a rise of 13 percent from 2009 and a profit after tax of Rs 17 billion, with an increase of nine percent from last year.
MCB to open four new branches in Sri Lanka
KARACHI - MCB Bank plans to open four new branches in Sri Lanka next year, where six branches are already operational, making MCB one of the largest foreign banks in Sri Lanka.
MCB Bank Chairman Mian Muhammad Mansha called on the President, Mahinda Rajapakse, at the Temple Trees in Sri Lanka. Mr Mansha informed the president that his group is keen to in participate in the economic development of the island.
During the meeting, the MCB chairman presented an overview of his
MCB Bank Chairman Mian Muhammad Mansha called on the President, Mahinda Rajapakse, at the Temple Trees in Sri Lanka. Mr Mansha informed the president that his group is keen to in participate in the economic development of the island.
During the meeting, the MCB chairman presented an overview of his
MCB raises staff salaries
LAHORE - To help employees overcome the increasing cost of living, MCB has increased salaries for its permanent clerical staff and guards by 17 percent, in addition to an increment to various allowances. This was announced in a press release issued today. Besides the increase in salaries and allowances, various grants for marriage, funeral, children scholarship and maternity charges have also been enhanced. The threshold of entitlement for loans including advance salary, house loan
MCB announces Rs 3 per share dividend
LAHORE - MCB Bank has declared a final cash dividend of Rs 3.0 per share, in addition to 10 percent bonus shares for the year ended December 31, 2010, while the bank earned a profit after tax of Rs 17 billion in the year.
This was disclosed during a meeting, chaired by Mian Mansha, of the bank's Board of Directors. The meeting reviewed and approved financial results for the year ended December 31, 2010. The bank's profits after tax augmented by at least nine percent compared to
This was disclosed during a meeting, chaired by Mian Mansha, of the bank's Board of Directors. The meeting reviewed and approved financial results for the year ended December 31, 2010. The bank's profits after tax augmented by at least nine percent compared to
MCB bank announces 2010 financial results
KARACHI - MCB Bank has notched up another strong annual performance in terms of financial results and posted profit before tax of Rs 26 billion, an increase of 13 percent compared to 2009, profit after tax touched Rs 17 billion with an increase of nine percent since last year.
According to a press release, the MCB Board of Directors met under the Chairmanship of Mian Mohammad Mansha and reviewed the performance of the Bank for 2010. The financial results for the year ending on
According to a press release, the MCB Board of Directors met under the Chairmanship of Mian Mohammad Mansha and reviewed the performance of the Bank for 2010. The financial results for the year ending on
MCB to utilise EMC technology
ISLAMABAD - EMC, the world leader in information infrastructure solutions, today announced that it has signed a Memorandum of Understanding (MoU) with MCB Bank, one of the leading banks of Pakistan with a deposit base of over Rs 422 Billion and total assets over Rs.539 Billion, to market technology solutions to the bank ranging from storage, enterprise content management.
MCB, AHI set for Rs 26b merger
KARACHI - MCB Asset Management Company and Arif Habib Investments (AHI) are set to sign the country's largest mutual funds merger worth Rs 26 billion. A formal share holder agreement, in this regard, is to be signed in a few days.
This was disclosed by the AHI Chief Executive Officer Nasim Beg, in a meeting with selected journalists; at his headquarter here in Karachi. He said that talks for a merger have been underway since months, while the merger will complete in the upcoming
This was disclosed by the AHI Chief Executive Officer Nasim Beg, in a meeting with selected journalists; at his headquarter here in Karachi. He said that talks for a merger have been underway since months, while the merger will complete in the upcoming
MCB, Arif Habib edging towards merger
KARACHI - Two of the country's prominent business conglomerates, Arif Habib Investment Limited (AHIL) and MCB Asset Management Company Limited (MCB-AMLC), are edging towards a merger.
According to AHIL officials, the AHIL board of directors had given its consent to the investment giant mulling a merge with MCB-AMLC. In this regard, officials said an emergency meeting of the board of directors was held at the company's head office, Arif Habib Center, on December 30.
"During
According to AHIL officials, the AHIL board of directors had given its consent to the investment giant mulling a merge with MCB-AMLC. In this regard, officials said an emergency meeting of the board of directors was held at the company's head office, Arif Habib Center, on December 30.
"During
MCB teams up with EIIE
LAHORE - MCB Bank Limited (MCB) has initiated a new remittance service to Pakistan from United Arab Emirates (UAE) and in this regard an agreement has been signed today between MCB Bank Limited and UAE based Emirates India International Exchange (EIIE) - a leading exchange house in the region.
This service further strengthens the legal means of remittances to Pakistan and EIIE's money transfer services across its 16-branch network in the UAE would be available for MCB's
This service further strengthens the legal means of remittances to Pakistan and EIIE's money transfer services across its 16-branch network in the UAE would be available for MCB's
Kashf Foundation signs Rs 225m deal with MCB
LAHORE - Kashf Foundation has announced successful closure of the term loan deal worth Rs 225 million with MCB Bank Limited under the Microfinance Guarantee Fund (MGF) in collaboration with the State Bank of Pakistan (SBP). Kashf Foundation,
which is considered as an industry pioneer with around three hundred thousand active borrowers, has secured a two year facility of Rs 225 million under the SBPs MGF. This credit line will help Kashf Foundation meet its funding requirements
which is considered as an industry pioneer with around three hundred thousand active borrowers, has secured a two year facility of Rs 225 million under the SBPs MGF. This credit line will help Kashf Foundation meet its funding requirements
MCB introduces TelePresenceTM systems
LAHORE - Cisco Systems and MCB Bank, a leading financial institution in Pakistan, have jointly announced deployment of the Cisco TelePresenceTM systems at MCB offices in the cities of Lahore and Karachi.
This system applies high-definition video and spatial audio to create a virtual face-to-face collaboration among meeting participants - enabling all to feel present together and communicating with each other, as in the very same room.
The aim is to bring transformational
This system applies high-definition video and spatial audio to create a virtual face-to-face collaboration among meeting participants - enabling all to feel present together and communicating with each other, as in the very same room.
The aim is to bring transformational
MCB declares Rs 19.4b profit
KARACHI
MCB bank announced financial results for the quarter ending on June 30, 2010 announced gross profit of Rs 19.4 billion and cash dividend at the rate of 30 percent declared.
The board of directors met on October 26, 2010 and reviewed the performance of the bank for a period leading up to September 30th, 2010. The financial results for the nine months were presented before the board deliberated on them.
The bank delivered profit before tax of Rs 19.4 billion
MCB bank announced financial results for the quarter ending on June 30, 2010 announced gross profit of Rs 19.4 billion and cash dividend at the rate of 30 percent declared.
The board of directors met on October 26, 2010 and reviewed the performance of the bank for a period leading up to September 30th, 2010. The financial results for the nine months were presented before the board deliberated on them.
The bank delivered profit before tax of Rs 19.4 billion
