BEST BANK
Muslim Commercial Bank
Muslim Commercial Bank wins the best bank in Pakistan award again since it manages to stay ahead of the increasing competition. With more than 900 branches, it offers a full range of retail banking services, including online banking, deemed virtual banking for both retail and corporate customers. MCB's corporate banking products include working capital, trade finance, investment banking and cash management services. MCB also operates an Islamic finance division.
MCB continues to report solid financial results. For fiscal 2004 it posted net income of $43.7 million from total assets of $4.4 billion. Net interest margin was 3.36 % and return on average equity a creditable 30.08%.