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MCB Bank’s profit plummets 38% to Rs4.75 billion
EPS shrinks to Rs3.99 for April-June quarter
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SBP grants approval for NIB Bank’s merger with MCB
Deal taking place through a share swap arrangement
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CDA, MCB ink online payment deal
CDA Member Administration Yasir Pirzada Pirzada says the authority will sign similar deal with four big banks
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market watch: Index crosses another milestone
Benchmark KSE 100-share Index settles at record high of 47,210
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market watch: Oil, cement stocks drive index to another record high
Benchmark KSE 100-share Index rises 469.07 points
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MCB Bank’s profit down 20.9%
The stock price of MCB gained 0.24% on the stock exchange to close at Rs212.48 per share on Wednesday
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Corporate results : MCB announces Rs6b earnings
The bank announced earnings per share of Rs5.5 in its quarterly earnings
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MCB Bank posts profit of Rs25.5 billion
Result below market estimates, EPS amounts to Rs22.96.
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Revival of probe into MCB’s privatisation irks Mansha
MCB CEO says revival of investigation risks choking investors’ interest in government’s asset-sale program
