Business Recorder

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mcbKARACHI: MCB Bank reported on Tuesday a net profit of 19.42 billion rupees ($213.88 million) for the year ended on Dec. 31, compared with 16.87 billion rupees earned last year.

MCB Bank, in which Malaysia's Maybank holds a 20 percent stake, also announced a cash dividend of 3 rupees per share.

MCB Bank shares were trading 3.87 percent lower at 178.55 rupees by 12:52 p.m. in a broader market that was down 0.08 percent.

Copyright Reuters, 2012


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