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History of MCB: MCB bank limited was incorporated by the adamjee group on

July 9,1947under the Indian companies act vii as a limited company. The bank was

established with a view to provide banking facilities to the business community of

the south Asia. The bank was nationalized in 1974 during the government of

zulifqar Ali Bhutto. This was the first bank was privatize in 1991and the bank waspurchase by a consortium of Pakistani corporate group led by Nishat group. As of

June 2008 the nishat group owns a majority stake in the bank. The president of the

bank is M.U.A usmani.

Mian Muhammad mansha is the chairman of the group and also MCB bank and

has played instrumental rule in its success

Organizational hierarchy of MCB:Business volume: MCB bank limited is public limited company listed on

Karachi, Islamabad and Lahore stock exchange in Pakistan under license

number BCD(1)17_66 dated 8thDecember 1966 and its external auditors

M/s A.F. Ferguson & Company.(Chartered Accountants). Name of

Regulatory Body is State Bank of Pakistan (Central Bank

Rupee in (000)

Profit before tax 26,253,075

Profit after taxation 16,873,175

Total assets 567,552,613

Total liabilities 488,348,404

Deposits 431,371,937

Investment 213,060,882

Product line:Product and services of MCB:

Large verity of products and services

are offer by the Muslim commercial bank.

Loans and advances: bank grant loan to the customers MCB also grant

different kinds of loan to different customers.MCB grant

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consumer loan

commercial and corporate loan like (pledge, mortgage and

hypothecation )

Deposits:Bank accepts deposits which are sustained by the bank in different

kind of accounts.MCB bank offer these accounts for depositing the funds.

Current account

Term Deposit

Saving accounts

Other services

MCB visa credit card

MCB smart card

MCB rupee traveler cheque

MCB ATMS

MCB mobile ATMs

MCB SMS banking

MCB mobile

MCB call center MCB lockers

MCB investment service

MCB advisory service

MCB banc insurance

MCB local rupee drawing arrangements

MCB home remittance

MCB equity capital raising

MCB Islamic banking

Competitors:

Local private bank:

Bank al Habib limited

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Bank Al_Falah limited

Askari bank

Faysal bank

Soneri bank limited Allied bank limited

Atlas bank limited

Bolan bank limited

History

MCB was founded by ISFHANI and ADAMJEE families in Calcutta on July 9,

1947. MCB is not an overnight success story rather good track of services are

responsible for the leaps and bounds progress. After the partition of the Indo-

Pak Subcontinent, the bank moved to Dhaka from where it commenced business

in August 1948. In 1956, the Bank transferred its Registered office to Karachi,

where the Head Office is presently located. Thus, the bank inherits a 52-year

legacy of trust in its customers and the citizens of Pakistan.

CHANGE OF OWNERSHIP

The performance of MCB was badly affected by bureaucrat government.

In January 1974, MCB was nationalized by Bhutto Government following the

bank act 1974 subsequently in June 1974 Premier Bank Limited merged with

MCB.

PRIVATIZATION

In the late 1990 after long period of time newly established Democratic

Government of Pakistan have decided to sell nationalized assets of country for

better utilization. In April 1991, MCB became Pakistans first privatized

bank. The government of Pakistan transferred the management of the Bank to

National Group, a group of leading industrialists of the country by selling 26%

shares of the bank.

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In terms of agreement between the Government of Pakistan and the National

Group, the group, making their holding 50% has purchased additional 24%

shares. Now, 25% is purchased by the Government, which shall be sold in the

near future.

NEW MILLENNIUM

MCB besides being money financial organization have rendered invaluable

services in the economics and social developments of our country. MCB today,

represents a bank that has grown with time, experience and Pakistan. A major

financial institution, in scope and size, it symbolizes a fully-grown

tree. Evergreen, Strong, and firmly rooted.

PHILOSOPHY

MCB relies on strong, lasting relationship with its customers and on its reputation

for stability and security for its continued process. Its philosophy has been to

adopt steady course. It has pursued small, less risky loans to consumers and

business, and shied away from risky loans. MCB extends its philosophy to its

technology strategy but not perusing technology for technology's sake. However,

MCB learns from the mistakes of others especially in "consumer banking". We let

others get in first, take the hit, and find out the flows. Said MCB officials - and has

installed efficient and effective system for processing and delivering information.

The board of directors has the authority in guiding Bank affairs and in making

general policies. Some directors are the personnel of the MCB Bank and others

are successful businessperson and executives of other major

organization. Nineteen members are included in board of directors.

Mission StatementMCB Banks team of committed professionals isdedicated tomaintaining long term customer relationships through outstandingservice and convenience