About Mcb

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Title: About Mcb

Essay Details:

Subject: Business

Author: Nora V

Date: March 20, 2014

Level: University

Grade:

Length: 9 / 2461

Essay text:

The bank was nationalized in 1974 during the government of Zulfikar Ali Bhutto. This was the first bank to privatized in 1991 and the bank was purchased by a consortium of distinguished Pakistani corporate groups, led by Nishat Group. Currently the Nishat Group owns a majority stake in the bank. The president of the bank is Mr. Atif Bajwa (previously with Citibank) and the Chairman is Mian Mohammad Mansha. In 2003 the management of the bank changed its name from Muslim Commercial Bank Limited to MCB Bank Limited (MCB). On May 5th, 2008 Maybank of Malyasia bought 15% of Muslim Commercial Bank of Pakistan...

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