Iraq-based Rasheed Bank has expressed interest in getting its human resource trained by MCB Bank and wanted to introduce latest banking technologies adopted by the Pakistani bank.
The interest was shown during a visit by a high-level delegation of Rasheed Bank, led by its Chairman Khadim M Nashoor, to the head office of MCB Bank where they discussed the possibility of collaboration between the two banks. MCB Bank Chairman Mian Muhammad Mansha was also present.
The Iraqi bank chairman discussed the introduction of innovative technologies in 162 branches of Rasheed Bank and pointed out that the bank has strategic plans to undertake radical reforms that have already been implemented at MCB Bank.
The delegation also asked MCB Bank to help the bank enhance the expertise of its core members so that they could impart knowledge to its workforce of 6,329.
MCB Bank has gained international exposure by selling its 20 per cent stake to Maybank of Malaysia for $902 million and has established a leasing subsidiary in Azerbaijan.
Published in The Express Tribune, June 8th, 2011.
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