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4-Traders Homepage  >  Equities  >  STOCK EXCHANGE OF MAURITIUS LTD, THE  >  MCB Group Ltd    MCBG   MU0424N00005

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MCB Bank : Special Board Meeting of MCB Bank Limited

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12/07/2017 | 02:50pm CET

MCB Bank Limited informed Pakistan Stock Exchange that Special Meeting of the Board of Directors of the Bank will be held on December 13, 2017 at Lahore, to discuss future business plan and strategy.

The announcement is available at:


MCB Bank Limited was incorporated in Pakistan on July 9, 1947. MCB bank was nationalized in 1974 as pat of Government of Pakistan's economic reform movement. It was later privatized to Nishat Group in 1991. The bank has a domestic network of over 1208 branches, 27 Islamic banking branches and over 690 ATMs across Pakistan. It is also recognized and traded on the international markets. The bank has been acknowledged and awarded by Euromoney, MMT, Asia Money, SAFA (SAARC), The Asset and The Asian Banker. The ordinary shares of the bank are listed on Karachi, Lahore and Islamabad Stock Exchanges within Pakistan whereas its global depository receipts are traded on the international order book system of the London Stock Exchange. The registered office of the bank is located in Lahore.

The bank is engaged with commercial banking and related services. The entire MCB Group includes MCB Financial Services Limited, MNET Services Private Limited, MCB Trade Services Limited, MCB- Arif Habib Savings and Investments Limited and MCB Leasing Closed Joint Stock Company.

The symbol "MCB" is being used by the stock exchanges for the shares of MCB Bank Limited.

© Pakistan Press International, source Asianet-Pakistan

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Financials ( MUR)
Sales 2018 16 836 M
EBIT 2018 10 065 M
Net income 2018 7 422 M
Debt 2018 -
Yield 2018 3,49%
P/E ratio 2018 8,60
P/E ratio 2019 8,08
Capi. / Sales 2018 3,65x
Capi. / Sales 2019 3,40x
Capitalization 61 438 M
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 1
Average target price 278  MUR
Spread / Average Target 8,0%
EPS Revisions
Pierre-Guy Noël Chief Executive Officer & Executive Director
M. G. Didier Harel Chairman
Kishore Sunil Banymandhub Independent Non-Executive Director
Gilbert Gnany Executive Director & Chief Strategy Officer
Navin Hooloomann Independent Non-Executive Director