Wednesday, April 3, 2019

Muslim Commercial Bank Limited

Muslim Commercial camber limitedMCB camber is the abbreviation of Muslim Commercial Bank moderate and it was established by the Adamje group on 9 July 1947, under the Indian comp whatever Act, Vll of 1913 as a comp both limited. This affirm is established in view to brook the avowing comp any(prenominal)ing facility to the blood comm social unity of the South Asia. This bank was nationalized in 1974 and at that sequence chair of Pakistan was Zulfikar Ali Bhutto. This was the initiative bank to be privatized in 1991 and the bank was purchased by the Nishat root. In the 2008, the Nishat congregation holds the majority of the shargons of this Bank. At that time MR. Atif Bajwa is the president of the Bank and that person is previously working with the Citi Bank.Nishat Group was founded in 1951. Nishat Group is the ensueing and most widely separated business Groups in Pakistan. The movement of Nishat Group in the important business domains of the verdant desire Banking , Textile, cement and insurance. Mian Muhmmad Mansha is the owner of the Nishat Group. The company has fixed and current assets of every(prenominal)place tierce hundred billion and this company were include in one of the top five companies of the Pakistan. Mian Mansha played a real important role in the success of the bank. The Govt. of the Pakistan gave him Sitara-e-imtiaz and this is the most prestigious elegant award of the country. If we collect a look on the total asset of the bank that is 72,052,258 in March 2010 and if we publication a look on the previous assets that was 69,740,013 we estimate that the bank is authentically working with a profuse pace. And the profit after taxation of the company in March 2010 is 4,141,151 and at the end of the 2009 it was 4,134,971.Muslim commercial Bank agreement to buy the royal stag Bank of Scotland but it fails to acquire proper license from State Bank of Pakistan.Profit aptitude of MCBMCB is the Pakistans fourth largest ba nk in term of assets base 5.9 billion US dollar. The bank has the almost 1082 sectiones including 11 Islamic banking branches and over 300 ambiance machines.During the conk Fifteen year bank has concentrated on growth with improving service quality, investment in engine room and concourse, utilizing its extensive branch network and managing the risk management.MCB has established business in SriLanka and Bahrain and impertinently established Rep. Office in Dubai. The bank has too organise a closed-door company in Hong Kong in partnership with the warning Charter bank, handling portion out transactions in Asian-Pacific region. MCB also integrated a leasing company in Azerbaijan in 2009.Fully owned Subsidiaries of MCB arMuslim Commercial Financial dish ups ( private) LimitedMNET wait ons (private) LimitedMCB Trade Services LimitedMCB Asset Management Company LimitedMCB Leasing CompanyBusiness Strategy of MCBThe business strategy of MCB is to provide pecuniary soluti ons in major segments for its clients. The bank has also established an Islamic Banking unit to unfold Shariah complaint harvest-tides and work, in six cities and the future throw is to establish more branches of Islamic banking and its branches is as much as the traditional banking branches claim in the country.Nishat TextileNishat Mills limited was founded in 1951. He has one of the largest Textile setup in the country. They cave in following production facility270,000 Spindles740 loomsDying and printing capacity of 7 million meters cementD.G Khan Cement Company Limited (DGKCC) is a unit of the Nishat Group and it is the largest Cement manufacturing company in the Pakistan with the capacity of 5500 tons clinker per day. They die their product in both nationwide and as closely as internationally due to his consistent quality. This company is listed on all the inception tacks of the Pakistan. Nishat Group also setup a revolutionary Cement manufacturing constitute with a capacity of 6700 tons per day near kalar kahar, Distt. Chakwal. After the apogee of this picturet this result be the largest plant of the country.Financial ServicesMCB is the largest private bank in the country with a 1200 branches in Pakistan and they operate internationally. MCB was also the first bank of the country that is listed on the London stock exchange in October 2006.Values of MCB BankFollowing atomic number 18 the vales of MCB Bank virtueInnovationExcellenceCustomer CentricityRespectIntegrityWe atomic number 18 the trustee of public fund and serve our community with integrity. We believe in existence the best at always doing the right thing. We deliver on our debt instrument and commitment to our node as well as our colleagues.InnovationWe encourage and reward people who challenge the status quo and think beyond the boundaries of the conventional. Our squad work together for the smooth and competent implementation of ideas and initiatives.ExcellenceWe take p ersonal responsibility for our role as jumper leaders in pursual of excellence. We are the performance driven, result oriented arrangement where merit is the moreover criterion for reward.Customer CentricityOur customers are at the heart of allthing we do. We thrive on the challenge of understanding their needs and aspiration, both realized and unrealized. We prepare every effort to exceed customer expectation finished superior service and solution.RespectWe respect our customer set, beliefs, culture and history. We value the equality of sexual urge and diversity of experience and education that our employees bring with them. We create an purlieu where each(prenominal) individual is enabling to succeed.Online servicesFollowing are the online services that conjure by the MCB Bank.Million of Branches automatic teller machinesCall Center stark nakeds report statement Payment funds transferMCB Limited Announcing his Million of Branches in the CountryMCB Limited has announc ed restless Banking facilities for its customers in July 2009, first time in Pakistan.Speaking on the event, Mr. Atif Bajwa, Head CEO of MCB Bank said that MCB wandering was a first step in ensuring the follow effective delivery of fiscal service. He added that when the State Bank of Pakistans advent the Branchless Banking procedure, outgrowth of more new financial products and services were already in progress at MCB. These products is non developed only for the MCB customers, but they also watch that most of the people arrive at peregrines nowadays but they have no entrance fee to the banks by dint of the wanderings so MCB Bank Limited introduce that system that facilitate their customers to gateway their accounts easilyHe further added, users of MCB Mobile are just not restricted to watching account counterpoises or requesting mini-statements, they easily manage passel of lucrements, like pay utility bills, recharge their both pre paid and house paid connections a nd guard payments of post paid topics by hatchs of their unsettled phones, they piece of ass even transfer the amount from one account to some former(a) in few minutes.Mehreen Ahmed, Group Head of Consumer Banking, also speaking on the event, that MCB Mobile was developed to offer customers different facilities to gravel code their account without a week from their unsettled phonesMCB Bank initiate the Wide militarisationMobilization has been started in MCB Bank at 5 April 2009. The objective of the aggroup is together bank and makes ensure that maximum number of members of MCB login and use MCB Mobile. impertinent banking aggroup trained the peoples of MCB and how to use the MCB mobile to ensure that this is very triple-crown across the country wide branches.MCB Limited sponsors 2nd Mobile-Commerce Meeting in KarachiMCB is the sponsors of the 2nd Annual Mobile Commerce meeting held in Karachi at 11 March 2009. The discussion was attended by a number of different Banks , Telcos and Technology.Mr. Atif Bajwa, Head of MCB Bank Limited, delivered a key note that is the Banks and telecommunication Companys work together and to bring revolution in that field. He gives offer to the telecommunication companies come to join the hands of MCB mobile banking to produce something new that no longer exist in Pakistan.MCB meets the Chairman PTAA team of the bank that lead by Mr. Qasif Shahid Head of the remote banking system met with Dr. Yaseen the hot seat of Pakistan Telecom Authority in February 2009.The meeting was attended by more of gamy ranking officers of PTA and members from all 5 Telecommunication Companies.Key issues about(predicate) the prosperous development of Mobile Banking in Pakistan were discussed in that meeting. All the 5 Telecommunication companies are agreeing to make a task mogul that make a road map for Mobile Banking. These task forces have been created and round out their tasks under the supervision of PTA.MCB link up with Fu ndamo Mobile BankingMCB Bank has united up with Fundamo for its Mobile Banking solutions in January 2009.FundamosFundamo is the endeavour financial services platform. Fundamo is the worlds largest mobile financial service provider they have the expertise to build technologies, and they have experience and vision as well.VisionFundamo is the global mobile financial solution provider. The company was established in 2000 and looking towards providing financial services by mobile phones in both developing and developed countries. leadThe company has created its leadership flummox due to the history of innovation and successful development. This knowledge ensures that its customers volition always hit their repoint grocery stores. With over 30 successful development projects in over 20 countries Fundamos engineering and development strategy is proven.ExpertiseFundamos leadership team has strong background knowledge in the financial services industry and has the strict design prin ciples compulsory for secure banking system, and they also taking advantage of its unique character in mobile phone. This new style of financial system represents a stiff banking system due to its simplicity and uniqueness.Collaborating for successAn important element of Fundamos is to join forces with the superfluousist organization to effectively and efficiently meet the need of the lymph node in the rapidly moving mobile financial service market. worldwide coverageFundamos is now a global company with a 20 clients in different countries. Fundamos has a direct business as well partner business operations in many different countries.Fundamo SolutionsEnterprise Edition.Mobile wallet.Mobile Banking.Mobile Money Transfer.Fundamo is working in Pakistan through and through their official partners Access Group (Pvt) Limited.Bottom of Form lode Loading What finish u do with the MCB mobile service?Account dimensionMini StatementTransfer of funds get mobile Top-Ups through MCB Mob ile servicePay your Mobile BillsPay utility Bills discover Visa Credit Card paymentsDonationServicesBalance dubiousnessYou merchant ship end your account balance any time.Mini-StatementYou coffin nail access the transactions of lead six months from your bank account at any time, making it easier for you to manage your account.Fund TransfersYou freighter send capital to anyone through MCB Bank account. The receiver of the money does not have to be a registered with the MCB Mobile user. You can receive money by large(p) the get it on number that contain 16-digits or the ATM poster number of the receiver. corrupt Airtime for Prepaid ConnectionsNow you can easily purchase prepaid airtime from these mobile companiesMobilinkUFoneZongWarid ZemTelenorPay Postpaid Mobile billsNow you can get out to pay your bill to the franchise because MCB gives you the opportunity to pay the bill through MCB Mobile at any time without any difficulty.MobilinkUFoneZongWaridTelenorPay the amount o f BillsMCB Mobile gives you facility to make payments of utility bills. LikeElectric citySui bungleWater ChargesTele phone billsMake payments of MCB Visa Credit CardYou can now easily pay your Visa Credit Card payments through MCB Mobile. Now you can pay token(prenominal) payment or the broad amount.Report a Lost ATM cardIf you lost your ATM card during the usage you can inform to the bank immediately and the bank pass on deactivated that card. And issue new card on the demand of the customer but this is only for the register customers.DonationsYou can make donations to any bounty through the use of MCB Mobile service within a second. Donations to the original Ministers Fund are being accepted through this service. More charities will be added.Questions that mostly people askedFollowing question asked by the people. Who is suit fitting to register for the services?Do I need a special mobile connection?Is number portability supported for MCB Mobile?Do I need special mobile pho ne (handset)?Can I mum register if I dont have Internet on my phone?How can I activate GPRS/Internet?What is bank charging for it?Are thither any other charges?Is this service safe to use?How do I register?What happens after I register?What are the payment limits?If I forget my Mobile PIN?Where do I learn the terms conditions?Where can I get more information about the MCB Mobile?ATMs ServiceMCB ATM stylishness card works anytime, anywhere in Pakistan abroad. MCB smart card is accepted over 4000 ATMS nationwide. MCB enables you to access fast cash, account balance inquire, transfer of funds etc through 450 ATMs in the country.MCB bank offers different event of ATM cardsATM Regular CardATM gilded CardATM Regular CardATM Regular or classic card allow you to withdraw 15000 per day and minimum three withdraw in a day.ATM Gold CardATM Gold card allow you to withdraw up to 25000 per day and minimum of six withdraw in a day. The other condition is that the cardholder has to make two transactions to withdraw the 25000 amount.Call CenterMCB provide the retrieve center facility to their customer through which you can take help from representatives. Those are available at any time. They can help you as well as give guidelines. You can all so take help about their credit card problems.MCB offers following services command InquiresFinancial ServicesNon- Financial ServicesGeneral InquiresFollowing are the general inquiresATM locationsAccount opening proceduresMCB Bank ChargesAll MCB crossway related informationMCB Merchant locationsFinancial ServicesFollowing are the different Financial ServicesInquiry of account balance postulation for transfer of fundsDetails of Debit Card transitionsDetail for last five transitions crave for all Credit CardsBlocking Service of ATM Card throughout the dayPayment for all the BillsPurchase vouchersNon Financial ServicesFollowing are the Non Financial ServicesRequest for Credit Card address changeVirtual Banking activation ailment re gistrations 24 hours a dayMobile Banking activationCall 111-000-MCB (622)Bill PaymentsMCB give you the services through which you can pay your bills and recharge your mobile accounts. So we save our time through this and pay our bills easily. MCB smart card holder can also pay their bills easily.Bills Payment FeaturesFollowing are the FeaturesPay your Bills throughout the weekMake full or half(a) payment. Full payment is required only for PTCLRecharge your prepaid accountPay as a register or non register user. This will help you to avoid the time delay.SWOT ANALYSISStrength retentive EstablishmentLong establishment is one of the military capability of MCB over private banks. Due to this it earn a name in the market,The biggest InfrastructureMCB has the biggest foot among the entire private bank. So it is making business from one box of the country to another corner of the country.Other factors areBrand visualize because of Muslim word in the name in an Islamic country.In a gro wing economy of Pakistan.Has strong market presence.Mainly operate by Mansha Group.Offers a wide variety of services to its customer and has a customer bank of round about 4 million.The bank has efficient IT infrastructure and network of online services.MCB is working in Pakistan over 60 age of success.MCB fall under the big 5 domestic banks of Pakistan.Bank is incessantly focusing on developing new and innovative products to attract the target market.Asset utilization is very good.GPRS enable banking.WeaknessesIn the changing environment where MCB has some strength it has some weaknesses also, some of the weak factors arenone Professional caterMCB keeps non professional staff even on high post who is promoted from the typist and clerical athletic field after a long time. nationalization EffectWhen MCB was nationalized by BHUTTOs Govt. it was the glooming period of MCB. During that period, MCB suffered a cope.Govt. InfluenceNon-professional and bureaucratic people were place d at the top mgt level who knows nothing about the banking and they damage the repute of the bank in the markets as well.Lack of vimWhen a newly person employed in the bank they require to pay the bank very soon. Because the promotion period of the bank is so late till you retire. So lake at dynamism comes to the personality. He is no further creative in his life. So increasing age of the staff is one of the weaknesses of the bank because banks needs young and creative person who have the ability to meet the changing response of the environment.Advances to non productive unitsDuring the nationalized period, a lot of amounts are forwarded to the non productive unit just on political bases. most(prenominal) of the advances are not still paid and not even scripted off.Other factors arePolitical instabilityInternal political issues slight job satisfaction of employees.Customers facing problems of NADRA verification while opening their accounts because its execute is time consuming. To give everyone equal protocol is lacking among employees customers having account with handsome amount and not giving aforementioned(prenominal) services like dealings to others who have high account.Lack of organizational loyalty among employees.Promotion is mostly on seniority bases.External EnvironmentOpportunityHaving an edge over the other commercial banks, MCB has greater profit, greater growth rate and market share than other commercial banks.PrivatizationAfter privatization bank sediments has accelerated marvellous speed because it gave the opportunity to get rid of critical influences and to put the bank on the professional root.Other factors areTo go global blue exposure to consumer banking providing opportunity to explore the segment.Emergence of Islamic banking in the country and MCB is increasing its Islamic banking operations.SBP police to allow Islamic banking business separately. reposition staff training facilities offered.Greater profitability can be strai nd through strong internal control.Elimination of risk of fraud through professional training.Opportunity to open a branch in rural orbital cavity to change magnitude its branch network and gain more profit. bracing schemes for deposit and finances should be introduced regularly.ThreatsPrivate BanksLike citi bank and ABN amro are entrance in the market with a greater top executive and strength in terms of brand name.Govt. PoliciesMCB faces the great threat from the Govt. policies like as finance the non productive units housing etc. so the bank does not savour the freedom in operating on its own view point, which is a threat for the bank. Because the bank is purely commercial so it should have self-direction to make its own decisions.Other factors areIncreasing competition in banking sector of Pakistan.Strong competition.Rising deposit rates.Foreign banks in the market having more marketing budget. populate losing trust in banks.Participation of strange banks in local market that can hurt the market share.Restructuring of privatized banks. bloke ANALYSISPoliticalPolitical instability in Pakistan can lead to changes in laws and policies which can be in favor or against the banking sector. sparingEconomy of Pakistan is facing issues about employment, inflation, illiteracy, which hinder business growth.Social cultural issues can be there but still as there are multinational companies there, therefore, cultural issues are not prominent.TechnologyPeople are highly skilled and MCB can introduce new technology to increase competencies.Porters ModelThe basis of much of the thinking on hawkish advantage has been the writing of Michael Porter. Porter in his book COMPETITVE STRATEGY techniques for analyzing industries and competitors (1980) introduced his stupefy of private-enterprise(a) rivalry.Competitor rivalries areCompetitive rivalryThreat of strength new entrant to the sectorThreat of substitution product or services to the existing tradeThe bargain po wer of buyersThe Bargaining power of suppliersThreat of potential entrantsCompetitiveRivalryBargaining power of buyerBargaining power of supplierThreat of substitutionThreat of New EntrantsThe threat of new entrant relates to the ease with which a company can enter a presumption trade sector. Barrier to gate into a particular market include the need for capital, knowledge and skills. The barrier to entry, for example, in banking industry if a bank is working in particular area where any other bank is exist or any other branch is exist in the same city. Then the competition is authorize and threat is exist for the bank that already exists. With the entrants of competitor your business is really suffer to overcome their competitor you have to introduce new strategies and make plans.IT can be a barrier to enter to a given market place. Existing players in the sector may well have a substantial in IS / IT, including for instance the use of EDI to co coordinate their put out chain. This experience and investment can be difficult for the new entrant to go over. The converse is that development in IT and e- physician may leave existing players with a heavy investment in expensive, old technologies giving the new entrants the opportunities to enter the market with fresh ideas and a business plan facilitated by a new generation of IT provision. Internet e- commerce is a technology that can facilitate new entrants to existing markets without the need to match the IT and infrastructure investment of the existing players.Threat of SubstitutionSubstitution is a threat to existing players where a new product becomes available that supplies the same function as the existing product or services. If we take the examples of banks if any commercial bank is not providing good services to their customers are not giving proper care to the customers then the customers go for the substitute where they find good services and where bank provide or give values to their customer a s a priority.The IT industry has itself substitute many products previously used in business with the replacement of the typewriter by the word central processing unit being but one example of the e- commerce technologies, meshing e- commerce has the potential to make significant inroads in the traditional sell sector with online banking.Bargaining power of BuyersFor a business to be profitable the be of producing and distributing its product has to be less then price it can arrest in the market place. Where there are a number of competitors in the market or the surplus of supply the buyer is in a strong position to bargain for a low price and for other favorable conditions of trade. Over recent years the large retail set up have developed a strong bargaining position.The bargaining strength of the buyer is of least threat to the low constitute producer that organization can agree to implike terms of trade that competitor firms could not profitably match. The other defence is to have a branded product that the store will feel obliged to stock because their customers expect it.Bargaining power of suppliersThe organization whilst trying to get an adequate price from its buyers will be looking to get favorable terms from its own suppliers. The organizations ability to get a good deal is the mirror image of its positions with the buyers. If the supply is plentiful or there are several suppliers it should get a good price. If the product is scarce or the number of suppliers that are able to meet its needs is limited then the supplier is in a more favorable position.Competition between Existing PlayersThe final force is the competition between existing players in the market. The competition is to get the buyers and to trade at a price that produces an acceptable profit. That competition is won on the basis of the generic competition advantage of price, differentiation or focus. The combative position of each organization is determined in part as least by the deal it is able to make with its suppliers. The competitive position of each organization is not absolute in most markets the factors that lead to a successful deal in one place at a given time will not necessarily be replicated in the next bargain that is to b struck.Impacts of E- BusinessFollowing are the impacts that E- business have o the bankNew sales crease salute leadershipReduced entry costNew opportunities education SystemEfficient quality controllingEasy fraud espial in transactionEasy entropy savingEasy data recoveryEasy management of business transactionNew sales channelE- Business is the new way of sale channel in the market. You can introduce any kind of your new product on your official web commit. The internet completely changes the selling process for both the buyers and sellers. electronic commerce users found that they can reduce the cost of sale through the internet. Internet is a very well media to advertise their product because if you project your own si te this is very help full for you because it is easier to buy anything from the site rather to go there and then decide. You can easily access the site and it is helpful for customer point of view because it takes less time and your required thing is at your door. Last many years advertizing through internet is increased very rapidly manufacturers put every information about the product on the site so you can read it easily and you get familiar with the new product features. Amazon.com is the retail store for selling books through internet. Amazon is the most successful internet business launches ever. In MCB as they launch their mobile banking service customer feel much satisfaction because before launching this service or before online banking customers have to go to the bank for balance inquire are for any other service. After this service customer can check and access their account at their home and can send their money anywhere in the country easily. MCB mobile banking is the n ew way of doing business and they can send SMS to their users for the latest services that they introduced in the market.CUsersTahirDesktopmarketing.jpgCUsersTahirDesktopresearch2.jpgCost Leader ShipCost leadership is a imagination used in business strategy and it is developed by Michael Porter. It describes the competitive advantage in the firm. Cost leadership means reducing the cost of operation in the industry. The cost leadership is often determined by company efficiency, size, scale, scope, and cumulative experience. A cost leadership means to increase the level of production well defined scope and other political economy and producing high quality products by using high technologies. In the last few years many companies used strategy mix to achieve market leadership. Companies that wish to follow the cost leadership strategy mustiness maintain constant efforts to reduce the cost. Cost reduction strategies includeEstablishing tight control of productionMinimize the cost of s aleLike the multinational bank MCB launched their online services like mobile banking. This is launched to reduce the luxuries and to introduce the branch less banking that mean it reduce the cost of branches for example if they remove the branches that mean saving of cost in term of removing employees and cost of electricity and many other expenses of branches.CUsersTahirDesktophourglass-703070.jpgReduced Entry CostReduced Cost of entry means introduce the new product to the market. Cost of entry includes the cost of all research, development, production, testing, marketing, advertising and distribution of the new product. Developing a website is reduced all these cost because internet provide you an easy access to every information so if you want to increase the production capacity you can find the new production techniques on the net. And you can encounter that according to your need.If we take advertising websites and online other sources like newspapers, magazines reduced the cost of advertising very much. In traditional way of doing advertising like print the papers and join the local media this will charge you high cost at limited area coverage. But the internet is out that give you an opportunity to advertise the product on a bigger scale.If we talk

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