Muslim Commercial Bank, Best and Most stable Bank of the Year
Karachi, July 05, 2012 (PPI-OT): The extraordinary performance of MCB Bank has been recognized both locally and globally by credible ranking agencies, latest by CFA Association Pakistan which has awarded the bank with the Best Bank of the year (large Bank) for second consecutive year and Most Stable Bank of the year for third time in a row.
Ninth Annual Excellence Awards by CFA Association Pakistan for the year 2011 recognized MCB Bank as the top performer in large banks category and also awarded the bank for its stability.
“Achievement awards make us more humble and act as a challenge to keep improving our performance,” said M.U.A.Usmani, President MCB Bank. “The stability and excellence achieved by MCB Bank is due to the dedicated teamwork of our staff and the trust shown by our customers,” he added.
He assured that the bank would continue to improve its performance and would retain its lead position in introducing attractive banking products.
Ali Munir, Group Head of Strategic Planning and Investments MCB Bank, said that MCB Bank in addition to the honor bestowed by CFA has earned many other awards during FY12 including the prestigious Best Commercial Bank FY12 from World Finance Banking Awards.
He said the Asset Triple A awarded 2012 Best Islamic Deal – Pakistan to Mobilink PKR 7.1 Billion Syndicated Term Finance Facility where MCB acted as a Joint Lead Advisor, Arranger and Exclusive Agent / Trustee for the said award winning deal.
The award illustrates MCB’s capability, innovation and continued excellence in the arrangement of multi debt syndication deals and is a testament to our excellence in structuring financial transactions as we were selected ahead of all financial institutions in Asia Pacific.
In addition, the bank has also got the Financial Times Deal of the Year Award 2012 for Infrastructure and Project Finance – Asia Pacific for FFC ENERGY’S Rs.11BN Wind Energy Project where MCB led the transaction as the Agent Bank.
The financing of Pakistan’s first wind energy project is a landmark achievement not only because it establishes a benchmark for future projects, but because such a project offers a potential lifeline to a country that has been afflicted by energy crises. This also shows MCB’s commitment and strong dedication towards taking Responsible Business Initiatives and CSR activities.
The Banker’s Deals of the Year for 2012 celebrate the most impressive transactions in FIG capital raising, M and A, Corporate and SSA bonds, Infrastructure and Project Finance, Loans, Structured Finance, Equities, Restructuring, Islamic Finance, and Trade Finance category.
For more information, Contact:
MCB Bank Limited
6th Floor, 15-Main Gulberg,