The bank was founded in 1947 through the Indian Companies Act of 1913. It was incorporated by the formerly Adamjee Group to cater the business community of the country. In the times of Zulfiqar Ali Bhutto, the bank was nationalized in the year 1974. Then again in 1991, the bank got privatized. Not just this, soon after this, the corporate group – Nishat who had the majority of the share.
Coming to the assets, the Muslim Commercial Bank is the second largest in this term, with approximately US$7 Billion of Asset Base. Its market capitalization is set to $1.2 billion at the end of the year 2011. The bank has a wide network of branches, over 1,190 and increasing. Not just this, there are 650 ATMs placed in 110 cities of Pakistan.
As of 2015, the net income earned by the bank was Rs. 25.55 billion whereas the total revenue of the bank was Rs. 66.43 billion. The current chairman of the bank is HusnainIjaz.
Coming to its Islamic banking head, the bank has entered shariah compliant services in six cities of Pakistan. There is also a Wholesale Banking Group which solely focuses on multinational companies and local ones. The other, Retail Banking Group looks after market segments for developing risk assets and trading businesses.
- Retail: Personal & Business
- Home Remittance
- Privilege Banking
Please contact at: 111-000-622