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The Banking Sector

A little earlier before the creation of country, the role of Muslims of the areas which were later included in Pakistan was of no significance due to their restricted participation in the banking sector. There was only a small namely Australasia Bank having a few branches in Lahore In 1942, the Australasia bank was housed in a garrage of a trader of Lahore who used to trade at a small scale with Australia during that period. However the only Bank was run by the Muslims of the sub-continent was Habib Bank which was established in 1941. At that time Quaid-e-Azam Mohammad Ali Jinnah expressed his desire that another Muslim bank also be established in Calcutta which came into reality when Adamjee with the assistance of Isphanis established Muslim a few months before the creation of Pakistan in Calcutta. When Pakistan came in to being The Habib Bank shifted its Headquarters from India to Karachi. A few of Habib Bank's branches were already in operation in Pakistan. The Muslim Commercial Bank also moved its headquarters from Calcutta to Dhaka and later on to Karachi. At the time of independence, another small bank namely Bank of also started business from Bahawalpur from December 1947. By SHUJAT ALI BAIG

Banking is one of the most sensitive businesses all over the world. play very important role in the economy of a country and Pakistan is no exemption. Banks are custodian to the assets of the general masses. The banking sector plays a significant role in a contemporary world of money and economy. It influences and facilitates many different but integrated economic activities like resources mobilization, poverty elimination, production and distribution of public finance. It is purchase of car or building of a home banks are always there to serve you better. It is play ground or any educational or healthy societal activity the money of banks nurture them. It is an industrial project or agricultural development of the country the sponsor-ship of banks is very much involved. Banks play very positive and important role in the overall economic development of the country.

Profiled in our top 10 feature last year, MCB (formerly Muslim Commercial Bank) is one of the leading banks in Pakistan and continues to grow strongly. Like many of its peers, it has a convoluted history – formed at partition in 1947, nationalised in 1974 and privatised in 1991 – but has emerged as one of the most professional outfits in the region, acting as something of an ambassador for the country when it launched a successful global depository receipt issue in 2006. equity – 32.5%

FINANCIAL PLANNING

Financial planning is the process of meeting your life goals through the proper management of you finances.

• Financial planning intro Develop a plan that meets your personal goals. • Saving Manage your finances and start saving for your future goals. • Investing Let the market work for you and grow your assets. • Retirement Start planning today to ensure a comfortable retirement. • Insurance Take steps to manage your financial risks. • Estate planning Provide security and stability for those you leave behind. • Net worth & Personal budget Determine your net worth and get a handle on your finances.

COMPETITORS

PRIVATE BANKS

1. MCB BANK LIMITED 2. JS BANK LIMITED 3. = 4. KASB BANK LIMITED 5. ARIF 6. THE ROYAL BANK OF SCOTLANDLIMITED 7. LIMITED 8. MYBANK LIMITED 9. ATLAS BANK LIMITED 10. NIB BANK LIMITED 11. LIMITED 12. SAUDI PAK COMMERCIAL BANK LIMITED 13. BANK AL HABIB LIMITED 14. LIMITED 15. CRESCENT COMMERCIAL BANK LIMITED = 16. STANDARD CHARTERED BANK (PAKISTAN) LIMITED 17. LIMITED 18. 19. HABIB BANK LIMITED

PUBLIC SECTOR BANKS

1. LIMITED = 2. THE 3. NATIONAL BANK OF PAKISTAN 4. THE ISLAMIC BANKS

1. BANKISLAMI PAKISTAN LIMITED 2. EMIRATES GLOBAL ISLAMIC BANK = 3. DAWOOD ISLAMIC BANK LIMITED 4. LIMITED 5. DUBAI ISLAMIC BANK PAKISTAN LIMITED =

FOREIGN BANKS

1. ALBARAKA ISLAMIC BANK B.S.C. (E.C.), = 2. THE BANK OF TOKYO-MITSUBISHI UFJ LIMITED - PAKISTAN OPERATIONS= 3. CITIBANK N.A. - PAKISTAN OPERATIONS = 4. HSBC BANK MIDDLE EAST LIMITED – PAKISTAN 5. DEUTSCHE BANK AG - PAKISTAN OPERATIONS = 6. BARCLAYS BANK PLC = 7. OMAN INTERNATIONAL BANK S.A.O.G – PAKISTAN OPERATIONS =

DEVELOPMENT FINANCIAL INSTITUTIONS

1. HOUSE BUILDING FINANCE CORPORATION 2. PAKISTAN KUWAIT INVESTMENT COMPANY LIMITED 3. PAK BRUNEI INVESTMENT COMPANY LIMITED 4. PAK OMAN INVESTMENT COMPANY LIMITED 5. PAK IRAN JOINT INVESTMENT COMPANY 6. SAUDI PAK INDUSTRIAL & AGRICULTURAL INVESTMENT COMPANY LIMITED 7. PAK LIBYA HOLDING COMPANY LIMITED 8. CHINA INVESTMENT COMPANY LIMITED

SPECIALIZED BANKS

1. INDUSTRIAL DEVELOPMENT BANK OF PAKISTAN 2. THE PUNJAB PROVINCIAL COOPERATIVE BANK LTD 3. SME BANK LIMITED 4. ZARAI TARAQIATI BANK LIMITED

MICRO FINANCE BANKS / INSTITUTIONS

1. KHUSHHALI BANK LIMITED 2. ROZGAR MICROFINANCE BANK LIMITED 3. NETWORK MICROFINANCE BANK LIMITED 4. TAMEER MICRO FINANCE BANK LIMITED 5. PAK OMAN MICROFINANCE BANK LIMITED 6. THE FIRST MICRO FINANCE BANK LIMITED

Introduction of top four COMPETITORS of MCB(high market shareowner)

HBL was the first commercial bank to be established in Pakistan in 1947. it values are the fundamental principles that define our culture and are brought to life in our attitudes and behaviour.

Today, HBL has more than 1,425 branches all over Pakistan and presence in 26 countries across five continents. With a revamped customer oriented philosophy, we are pursuing new avenues of leadership through innovation, as we gear up to face the challenges of the new millennium.

National Bank of Pakistan

maintains its position as Pakistan's premier bank determined to set higher standards of achievements. It is the major business partner for the Government of Pakistan with special emphasis on fostering Pakistan's economic growth through aggressive and balanced lending policies, technologically oriented products and services offered through its large network of branches locally, internationally and representative offices.

United Bank

An other major Pakistani bank. It enjoyed 14% growth in assets to PRs498 billion (US$7.9 billion) and 13% growth in advances to PRs288.7 billion between December 2006 and September 2007, although full-year headline profit numbers are likely to end up looking weak after the bank changed its method of calculating provisions in order to come in line with new requirements. This will have a full year impact of PRs3.95 billion to the total portfolio, split between the last two quarters of the year; United is the first bank in Pakistan to take the charges into its accounts. United Bank, Pakistan – 24.8% ALLIED BANK OF PAKISTAN Allied Bank Limited was the first bank to be established in Pakistan. It started out in Lahore by the name Australasia Bank before independence in 1942; was renamed Allied Bank of Pakistan Limited in 1974 and then Allied Bank Limited in 2005.

In August 2004, because of capital reconstruction, the Bank’s ownership was transferred to a consortium comprising Ibrahim Leasing Limited and Ibrahim Group. Today, with its existence of over 60 years, the Bank has built itself a foundation with a strong equity, assets and deposit base. It offers universal banking services, while placing major emphasis on retail banking. The Bank also has the largest network of over 700 online branches in Pakistan and offers various technology-based products and services to its diverse clientele.

HIGH MARKET SHARE OWNER IN BANKING INDUSTRY

“YOUR TRUST AND OUR COMMITMENT ALWAYS AN AWARD WINNING COMBINATION”

MCB is one of the leading banks of Pakistan with a deposit base of about Rs. 280 billion and total assets of around Rs.300 billion. Incorporated in 1947, MCB soon earned the reputation of a solid and conservative financial institution managed by expatriate executives. In 1974, MCB was nationalized along with all other private sector banks. This led to deterioration in the quality of the Bank’s loan portfolio and service quality. Eventually, MCB was privatized in 1991. During the last fifteen years, the Bank has concentrated on growth through improving service quality, investment in technology and people, utilizing its extensive branch network, developing a large and stable deposit base and managing its non-performing loans via improved risk management processes. Vision Statement Challenging and Changing the Way you Bank.

Mission Statement MCB Bank’s team of committed professionals is dedicated to maintaining long term customer relationships through outstanding service and convenience.

AWARDS & ACCOLADES

Euromoney Awards Best Bank Award 2008

Best Bank Award 2006

Best Bank Award 2005

Best Bank Award 2004 Best Bank Award 2003

Best Bank Award 2001

Best Domestic Bank Award 2000

Asia Money Award Best Domestic Commercial Bank Award 2005

Best Domestic Commercial Bank Award 2004

MCB TOWER

A Vision of the Future The modern, urbane architecture and intelligent design of MCB Tower reflect MCB’s pioneering role in the banking arena, providing cutting edge, innovative banking solution- leading with an edge of technology. REASONS FOR BEING A MARKET LEADER: PRODUCT AND SERVICES THAT GIVE MCB A COMPETITIVE ADVANTAGE: 1.MCB VISA MCB Visa is not just another card in your wallet. It not only provides the conventional credit card services in a manner that is superior in comparison, but goes an extra mile. Makes MCB Visa the most affordable credit Card in your wallet. MCB VISA offers you a wide range of products that will cater to your diversified taste perfectly Intelligent Reward Monitoring and Redemption System. Buy now and pay off latter in easy and affordable monthly installments! Saving you from the hassel of making multiple payments on your various credit cards You need cash and want to pay back in installments. Just Dail for iit! Life is too precious to be spoitt by unforeseen events and misphas. How About a credit card that acts like hard cash Now Experience peace of mind of having a credit card free from fraud or misuse!

2:SMART CARD MCB now brings you MCB SmartCard -a secure and convenient instrument of payment with unmatched functionalities. It provides 24-hour direct access to your bank account. The convenience and flexibility of MCB SmartCard will help you live a smarter life. It not only helps you manage your expenses, but also eliminates undue interest on your day to day credit card transactions. Your balance is always within your reach and you spend accordingly. MCB is the only bank to introduce a debit card that gives the option to choose from domestic and international cards for local and global usage respectively. You can avail the following functionalities on your MCB SmartCard.

3TRAVELER'S CHEQUES MCB Bank has been at the forefront of providing it’s customers with new and innovative products and financial instruments that are safe, secure and profitable. MCB Rupee Traveler's Cheques were first introduced in 1993 as safe cash for traveling and travel related purposes. The product has been extremely popular and is preferred over cash by customers while travelling and in all walks of life. MCB Rupee Traveler's Cheques- The safest way to Carry Cash

4 Customer Care: MCB give great priority to every customer whether industrial or local person. Due to this priority the have gained the status of being a market leader. Following measures are taken in order to gain customer trust and loyalty:

4.aMCB VIRTUAL BANKING

MCB Virtual Internet Banking offers you the convenience to manage and control your banking and finances – when you want to, where you want to. MCB’s Virtual Internet Banking facility is - Simple - Secure - Free of cost. With MCB Virtual Internet Banking you can access any of the banking services, 24 hours a day, 7 days a week and throughout the year

4.b. MOBILE BANKING At the forefront of technological excellence, MCB proudly introduces MCB MOBILE BANKING. The convenience of accessing your account balance information and mini statements whenever you want or wherever you may need them, with comfort and peace of mind. MCB Mobile Banking service is available to all MCB ATM cardholders, 24 hours - 365 days.

5. MCB ATM SERVICES Welcome to a world of convenience with the MCB ATM 24- Hour Smart Card. "It Works. Anytime in Pakistan and abroad."

With an ever growing number of ATMs operating across the nation, the MCB ATM Network is the largest and most advanced of its kind in the country, and is part of MCB's continuing efforts to provide you with convenience that suits your requirements most. And now the MCB ATM has gone global. MCB's affiliation with Master Card International brings about added facilities for the MCB traveler abroad with the Cirrus and Maestro networks.

So go ahead! Use your MCB ATM 24- Hour Cash Card day or night, at home or abroad

6 MCB Business Sarmaya MCB Business Sarmaya' offers running finance facility against your house/flat,insuring a steady cash flow for your business.So now you can breath easy,becaurse Business Set....tau Life Set.