Muslim Commercial Bank, being a major market player and provider of diversified financial solutions, is ready to start margin financing to its clients. Margin financing is lending by banks/DFIs to brokers for their clients for purchase of approved shares of joint stock companies listed on stock exchange approved securities with the retention of margins as prescribed by the State Bank of Pakistan. To complement SBP & SECP's efforts to replace `Badla' with margin financing to provide stability in the stock markets, ensure prudent lending and provide diversified market-based financing avenues to investors to enable them to leverage their stock holdings.
MCB, in accordance with the guidelines provided by the SBP, will soon start providing margin financing facility to its valued clients.
"For providing this service efficiently within the stipulated deadlines, all necessary arrangements are being put in place so as to facilitate our customers in an effective manner," a bank spokesman said on Saturday.
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