Karachi, MCB Bank Limited informed Pakistan Stock Exchange that Mr. Haroun Rashid – Director of the Bank has resigned from his position.
MCB Bank Limited was incorporated in Pakistan on July 9, 1947. MCB
bank was nationalized in 1974 as pat of Government of Pakistan’s economic
reform movement. It was later privatized to Nishat Group in 1991. The bank has
a domestic network of over 1208 branches, 27 Islamic banking branches and over
690 ATMs across Pakistan. It is also recognized and traded on the international
markets. The bank has been acknowledged and awarded by Euromoney, MMT, Asia
Money, SAFA (SAARC), The Asset and The Asian Banker. The ordinary shares of the
bank are listed on Karachi, Lahore and Islamabad Stock Exchanges within
Pakistan whereas its global depository receipts are traded on the international
order book system of the London Stock Exchange. The registered office of the
bank is located in Lahore.
The bank is engaged with commercial banking and related services. The entire MCB Group includes MCB Financial Services Limited, MNET Services Private Limited, MCB Trade Services Limited, MCB- Arif Habib Savings and Investments Limited and MCB Leasing Closed Joint Stock Company.
The symbol “MCB” is being used by the stock exchanges for the shares of MCB Bank Limited.