INTRODUCTION

MCB is one of the leading banks of Pakistan with a deposit base of about Rs. 280 billion and total assets
of around Rs.300 billion. Incorporated in 1947, MCB soon earned the reputation of a solid and
conservative financial institution managed by expatriate executives. In 1974, MCB was nationalized
along with all other private sector banks following the Bank Nationalization Act 1947.
The Bank has a customer base of approximately 4 million and a nationwide distribution network of 1,700
branches, including Islamic banking branches, and ATMs.
During the last fifteen years, the Bank has concentrated on growth through improving service quality,
investment in technology and people, utilizing its extensive branch network, developing a large and stable
deposit base.

Challenging and Changing the Way you Bank


To maintain long term customer relationships through outstanding service and convenience
History of Muslim Commercial Bank

The Muslim Commercial Bank Limited was incorporated on 9
th
July 1947 in Calcutta in Bengal. After
partition, the Registered Office of the bank was shifted to Dhaka where it commenced business from
August 1948. The Bank transferred its registered/Head office from Dhaka to Karachi in 1956. In 1999, its
registered / Head office was transferred to Islamabad and Karachi office was named as principal office.
The government transferred a 26% management stake to a group of leading industrialists, collectively
named National Group of which Mian Mohammad Mansha is the Major stakeholder. In 1992 a further
24% was sold to the National Group. The current shareholding structure is 50% National Group, 25%
government and 25% floated on bourses. MCB Bank Limited (Formerly Muslim Commercial Bank
Limited) has a solid foundation of over 50 years in Pakistan, with a network of over 1700 branches.
Eighteen years after privatization, MCB is now in a consolidation stage designed to lock in the gains
made in recent years and prepare the groundwork for future growth. The bank has restructured its asset
portfolio and rationalized the cost structure in order to remain a low cost producer.
MCB now focuses on three core businesses namely Corporate, Commercial and Consumer Banking.
Corporate clientele includes public sector companies as well as large local and multinational concerns.
MCB is also catering to the growing middle class by providing new asset and liability products. MCB
looks with confidence at year 2005 and beyond, making strides towards fulfillment of its mission, "to
become the preferred provider of quality financial services in the country with profitability and
responsibility and to be the best place to work".
MCB Bank Limited is a full service institution offering consumer, corporate and investment banking
facilities to its customers. The banks widespread and growing network of branches in the four provinces
of the country and abroad, together with its corporate offices in major cities, provides efficient services in
an effective manner.
MCB Bank has attained its goodwill and fame rapidly in local financial market and around the globe, the
9 to 5 full day banking and banks 24 hours online banking services gives it an edge over other banks,
while its fastest ATM network facility encompassing more than 34 cities around the country provides
customers such convenience that they expect from the bank.
All branches of the bank are located at vintage points covering a large segment of population and business
houses MCB is one of the leading banks of Pakistan with a deposit base of about Rs. 280 billion and Total
assets of around Rs.300 billion. It has 994 branches and almost 5 branches outside Pakistan. It has 9011
employees and 4350245 numbers of accounts according to 2009 data.

N NA AT TI IO ON NA AL LI IZ ZA AT TI IO ON N O OF F M MC CB B
Muslim Commercial Bank Limited was nationalized by the Government of Pakistan in January 1974
under the Banks Nationalization Act, 1974. Subsequent to nationalization the operations of premium
Bank Limited were merged with the Muslim Commercial Bank Limited in June 1974.

P PR RI IV VA AT TI IZ ZA AT TI IO ON N O OF F M MC CB B
The previous Government declared the privatization policy as one of its main objectives and in
accordance with its policy, the Government offered Muslim Commercial Bank Limited for privatization.
The Bank was the first Public sector bank, which was privatized on 2
nd
April 1991. The Government of
Pakistan transferred management of the bank to Private Industrialists and Entrepreneurs, "National
Group" by selling 24% shares of the Bank at Rs.56 per share.
Mian Mohammad Mansha is the Chairman of the group and has played significant role in its success. In
recognition of Mr. Manshas contribution, the Government of Pakistan has honored him with "Sitara-e-
Imtiaz", one of the greatest civil awards of the country.
Present Status
Over the years Muslim Commercial bank fostered strong bonds with its customers. MCB understands
them; their needs. They feel comfortable with MCB; its their bank; it responds to them; listens to them;
partners with them; grows with them. That is why it is one of the leading commercial banks of the
country, providing a wide range of modem banking services. At present, the banking network consists of
over 1000 branches along with controlling offices known as Area Head offices and Regional Head
offices. These controlling offices are responsible for the smooth operation of the bank on National &
international levels. The entire financial and operational objectives are achieved with the Human
Resources strength over 12000 employees. The bank is known as the major credit provider, best place of
working and paymaster in the financial (money market) of the country. Over the past few years, MCB's
profits have been hit by the need to increase provisions coverage and restructuring costs associated with
the downsizing of the workforce and branch network, whilst there is some need to boost provisions, these
charges (necessary to bring the bank back into shape) are largely over. It has also slowly received
permission from the SBP to shut down a number of unprofitable branches.