MCB Bank Ltd. announces financial results for the half year ended June 30, 2017

The Board of Directors of MCB Bank Limited, met under the Chairmanship of Mian Mohammad Mansha, on August 25, 2017 to review the performance of the Bank and approve the financial statements for the half year ended June 30, 2017. During the half year ended June 30 2017, MCB Bank posted profit before tax of

MCB Bank & Virtual University Signs MoU for Strategic Partnership

Muslim Commercial Bank – MCB, the leading and state-of-the-art banks in Pakistan, has strategically collaborated and done agreement with VU – Virtual University for different services including collection of fee and convenience to the university’s massive knowledgebase. Per the agreement, MCB will give services for fee collection, financial products and different financial services linked to

NIB Bank’s merger with and into MCB Bank comes into effect

[Lahore: 11th July 2017] NIB Bank Ltd (NIB)’s merger with and into MCB Bank Ltd (MCB) has come into effect from close of business 7th July 2017. All properties, assets, liabilities, rights and obligations of NIB now stand amalgamated and vest permanently in MCB. For now, no changes will be made to the banking services

NIB Bank Exists No More!

NIB Bank exists no more. The bank industry in the country will not see NIB bank as central bank has stopped its operations and cancelled its operational and license of business from July 07, 2017, per the notification of SBP – State Bank of Pakistan. The end of the business and official operations will start

PACRA Keeps Long Term AAA & Short Term A1+ Entity Ratings of MCB Bank

[Lahore: 30th June 2017] PACRA has maintained the Long-term AAA and Short term A1+ entity ratings of MCB Bank Limited.   The ratings consider MCB’s continued financial profile, imitated in a solid capitalization, stable liquidity and mix deposit base. This has been given by the able parentage of bank, where different sponsors, primarily run by

MCB Bank, Pakistan’s Best Bank, Donates Rs 5 Lac to Pink Ribbon

MCB Bank, Pakistan’s Best Bank, donated a sum of PKR 500,000 to the renowned NGO Pink Ribbon towards the construction of Pakistan’s first dedicated breast cancer hospital. Mr. Imran Maqbool, President & CEO MCB Bank (second left), Mr. Omer Aftab, CEO Pink Ribbon (second right), Mr. Hassan Nawaz Tarar, Group Head Security & Marketing MCB

SBP gives approval of NIB Bank’s merger with MCB Bank

SBP – The State Bank of Pakistan has given endorsement for the merger of NIB Bank Limited with and into MCB Bank Limited. State Bank with its order mentioned on June 13th, 2017, has authorized the Scheme of Amalgamation of NIB Bank with and into MCB Bank in accordance with sub-section (4) of Section 48

MCB & Canteen Stores (CSD) Partners for Ramzan Discount Campaign

MCB Bank has collaborated with Canteen Stores Department (CSD) for the initiation of special discounts on promotions on product during Ramazan. Per the agreement, MCB Debit and Credit card holders and customers of MCB Lite will get special discounts, gift vouchers and free beverages from topmost retailers of fast food on each transaction done on

Banks Receive More Than 214,000 Hajj Applications in 5 Days!

According to the PITB’s Hall Policy 2017, 9061 branches of 10 banks have received applications which shall continue till 26th April. There will be about 179,210 pilgrims from the country carrying out Hajj this year, with 60% going with the Government Scheme and the remaining by the Private Hajj Group Organizers. Banks have already received

MCB Bank Collaborates with Telenor Microfinance Bank for Accessing It’s Easypaisa’s Network!

MCB Bank Limited has collaborated with Telenor Microfinance Bank Limited before known as Tameer Microfinance Bank. The alliance has taken place for easy, safe, protected and reachable Easypaisa network and jointly advantageous financial services. Per the agreement, MCB Lite Branchless Banking customers will be allowed to use Telenor Microfinance Bank / Easypaisa’s spread network with