MCB Bank, one of Pakistan’s oldest financial names, has travelled a rather circuitous path to become a corporate banking mainstay. It was founded in 1947 as a private-sector institution, then nationalized in 1974 and privatized in 1991. Shoaib Mumtaz, who was appointed chief executive at the end of 2021, has been with the bank since he joined a year after its privatization.
July 18, 2022