Pakistan-based Muslim Commercial Bank (MCB) is planning to open eight retail branches in the UAE, said the bank’s group chairman Mian Mohammad Mansha.
At the launch of MCB’s first wholesale banking branch in Dubai, Mansha told Gulf News: "We have plans to open at least eight retail branches in the UAE as soon as we get approval from the authorities concerned."
Referring to the new wholesale branch, Mansha said that it is projected to boost trade flows between the UAE and Pakistan.
Mansha added that the bank would provide services for business accounts, mutual funds, stock market and life insurance with personal relations with the clients.
MCB presently has seven branches in Sri Lanka, one in Bahrain, one in Azerbaijan, as well as has a strategic foreign partnership with May bank in Malaysia since 2008.