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Bank
mcb.com.pk

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Partners & Customers

4

About MCB Bank

MCB Bank (KSE: MCB), fka Muslim Commercial Bank and before that Manjoo Co-operative Bank, provides commercial banking and related products and services in Pakistan, South Asia, the Middle East, and Eurasia. It operates through five segments: Corporate Finance, Trading and Sales, Retail and Consumer Banking, Commercial Banking, and Asset Management.

MCB Bank Headquarter Location

Floor-6, MCB 15-Main Gulberg Jail Road

Lahore,

Pakistan

+92 42 36041998-9

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Latest MCB Bank News

Telenor mulls Pakistan mobile bank stake sale

Nov 3, 2021

03 NOV 2021 Telenor Group began assessing potential buyers for its majority stake in Pakistan financial services venture Telenor Microfinance Bank, with local provider MCB Bank among those in the frame. The operator currently holds a 55 per cent stake in Telenor Microfinance Bank, with the remainder owned by China-based financial services giant Ant Group following a deal in 2018. In a statement, Telenor noted it was considering options for the unit following a regular review of assets. It added although there was no guarantee a sale would take place, it had started assessing interested parties. Telenor Microfinance Bank provides a range of banking services including mobile money platform Easypaisa. During the potential sale process, Telenor said the bank would continue as normal with its mobile operation in the country a “committed partner”. In a statement, Ant Group Pakistan country manager Derek Hao talked-up the business and pledged to “continue to support the bank during this process as it brings innovative solutions to the market”. Following Telenor’s announcement, Pakistan-based MCB Bank released a stock market statement explaining it was conducting due diligence on a potential deal for the 55 per cent stake. Telenor’s move comes a week after it revealed its Asia business units dragged on overall performance during Q3.

MCB Bank Acquisitions

1 Acquisition

MCB Bank acquired 1 company. Their latest acquisition was NIB Bank on December 07, 2016.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/7/2016

Merger

2

Date

12/7/2016

Investment Stage

Companies

Valuation

Total Funding

Note

Merger

Sources

2

MCB Bank Partners & Customers

4 Partners and customers

MCB Bank has 4 strategic partners and customers. MCB Bank recently partnered with ZEPZ on April 4, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

4/30/2019

Partner

ZEPZ

United Kingdom

MCB Bank partners with WorldRemit for digital money transfers to Pakistan

Hamza Islam , Country Director for Pakistan at WorldRemit Pty Ltd , comments : `` We are delighted to partner with MCB Bank , a leading bank in Pakistan , to enable Pakistanis living abroad to send money instantly to over 1,400 new cash pickup locations across urban and rural areas of the country .

1

3/16/2017

Partner

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10

6/24/2015

Vendor

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10

1/15/2014

Vendor

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10

Date

4/30/2019

3/16/2017

6/24/2015

1/15/2014

Type

Partner

Partner

Vendor

Vendor

Business Partner

ZEPZ

Country

United Kingdom

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News Snippet

MCB Bank partners with WorldRemit for digital money transfers to Pakistan

Hamza Islam , Country Director for Pakistan at WorldRemit Pty Ltd , comments : `` We are delighted to partner with MCB Bank , a leading bank in Pakistan , to enable Pakistanis living abroad to send money instantly to over 1,400 new cash pickup locations across urban and rural areas of the country .

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Sources

1

10

10

10

MCB Bank Team

5 Team Members

MCB Bank has 5 team members, including former Chief Executive Officer, Senior Vice President, Adil Shabbir.

Name

Work History

Title

Status

Adil Shabbir

Chief Executive Officer, Senior Vice President

Former

Grant Bayne

Chief Financial Officer

Former

Sajid Awan

Chief Information Officer

Former

Aurangzaib Khan

Mastercard, Visa Everywhere Initiative, and Bank Alfalah

Executive Vice President

Former

Mubashar Bashir

Senior Vice President

Former

Name

Adil Shabbir

Grant Bayne

Sajid Awan

Aurangzaib Khan

Mubashar Bashir

Work History

Mastercard, Visa Everywhere Initiative, and Bank Alfalah

Title

Chief Executive Officer, Senior Vice President

Chief Financial Officer

Chief Information Officer

Executive Vice President

Senior Vice President

Status

Former

Former

Former

Former

Former

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