Observer Report
Lahore
The Board of Directors of MCB Bank Limited (MCB) met under the Chairmanship of Mian Mohammad Mansha, on Oct 27, 2020 to review the performance of the Bank and approve the condensed interim financial statements for the nine months period ended Sept 30, 2020. In compliance with SBP’s instructions, Bank has not declared dividend for the thirdquarter ended Sept 30, 2020.
During the nine months ended September 30, 2020, MCB achieved significant financial growth by focusing on its operational resilience and continuity planning to successfully navigate through the downside risks posed to operating and economic outlook by the ongoing Covid-19 outbreak while concurrently playing a central role in supporting Governments’ key pandemic responses for credit extension and provision of essential banking services to the general public.
