Muslim Commercial Bank Muslim Commercial Bank is the leader in banking innovation in Pakistan and wins the award for best bank again. In a relatively benign economic environment, assets grew to Rs272 million ($71.6 million) and deposits to Rs212 million. Although the cost to income ratio is horrendous by many standards at about 78%, by local standards it is cutting edge. Gross profits increased again to Rs3.6 million. The bank?s returns on equity and net interest margin are among the highest in the local market.
MCB is the leading privately held bank in Pakistan, with 986 branches and 4.4 million account holders. It continues to invest in technology, and has implemented a multi-million dollar IT investment programme to upgrade internal and customer-facing processing systems. MCB is the market leader in issuance of ATM and debit cards, with more than 525,000 now in issue.