Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2023
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Awards for Excellence 2009: Pakistan

Best Bank: MCB
Best Investment Bank: Bank of America Merrill Lynch/KASB Securities

Amid the almost terminal instability threatening the Islamic Republic of Pakistan, a few pillars of the business community have remained solid. One of these is certainly MCB, the banking group privatized in 1991 and controlled by the country’s richest man, Mian Mohammad Mansha. Voted best bank in Asia in 2008 by Euromoney, Pakistan’s largest private sector bank has experienced both change and consolidation in the past year. MCB sold a minority 20% stake to Maybank of Malaysia in summer 2008; since then, the two have been working together to expand into new markets, notably in the Middle East and North Africa, while boosting their united presence in the Islamic banking sector.