Lahore: MCB Bank Ltd, Pakistan’s leading private sector bank, was awarded the SAFA Best Presented Annual Report 2014 in the category of Private Sector Banks at the SAFA Conference 2016. The Award was presented to President MCB, Mr. Imran Maqbool by the Federal Minister for Finance Mr. Mohammad Ishaq Dar in recognition of the bank’s excellence in financial reporting, management best practices and corporate governance disclosures.
MCB Bank Ltd. has always been an industry leader in the region and has received numerous other accolades in the past, including “Best Bank in Pakistan 2015” award from Finance Asia and “Most Stable Bank of the Year 2014” by CFA.
ICAP, the premier regulatory body for the development and regulation of Accountancy profession in Pakistan hosted SAFA (South Asian Federation of Accountants) conference in Lahore. The conference, entitled South Asia: Corridor of opportunities encompassed one and a half days of learning, networking and celebrations. The conference was attended by high profile local and international speakers comprising of reputable businessmen, economists and senior Chartered Accountants. Mr Muhammad Ishaq Dar, Federal Minister for Finance was the Chief Guest.
MCB Bank Limited is among the top 5 Banks in Pakistan with a net asset base of PKR 1 trillion (USD 9.9 million). The bank has a vast branch network of 1,246 local branches, 11 foreign branches and an employee base that exceeds 17,500. The bank continues its strong performance and recently posted an increase of 12% in profit after tax of Rs. 20.2 billion in the first nine months of 2015.