Press Releases

January 1970

MCB Bank and Telenor Pakistan Join Hands for Customer Convenience

Karachi September 25, 2006: MCB Bank and Telenor Pakistan have agreed to work on joint initiatives in the form of a strategic alliance for the upcoming MCB Visa Launch and existing payment products.

The alliance will result in building unmatched synergies between 2 giants: MCB with its 950 branches, 4.5 million customers and vast array of consumer banking products and Telenor Pakistan as the fastest growing cellular network in Pakistan with the widest data network in the country

The offering will include providing novel services bundled with contemporary innovation, ease of use and ensuring eventual benefit in terms of value and convenience to the end consumer base of both companies.

In his address the President MCB Bank, Mr. Mohammad Aftab Manzoor, highlighted the major steps taken by the Bank in order to excel in providing the end user with the maximum value. He stressed on the significance of consumer banking particularly the upcoming MCB VISA launch and the avenues that are being explored in collaboration with partners like the Telenor Pakistan.

CEO Telenor Pakistan Tore Johnsen described the agreement as yet another indication of the company commitment towards its customers. He said, By establishing an alliance with MCB, one of the biggest local banks in Pakistan, Telenor Pakistan intends to provide its customers more value for their money. Our aim is to make it easy for our customers to use advanced services and utilize the real potential of the available technology in their everyday lives. Through this alliance, both Telenor Pakistan and MCB will offer great benefits and value-added services to each other customers.

Mr. Mohammad Aftab Manzoor the President of MCB Bank Ltd and Mr. Tore Johnsen, CEO Telenor Pakistan along with the respective senior members were present at the occasion.

MCB has received the Euromoney Award for Excellence 6 times in the last seven years. And Asia Money award of The Best Domestic Bank in Pakistan for the 3rd time.

MCB Bank Limited has a solid foundation of over 50 years in Pakistan, with a network of over 950 branches, over 280 MCB ATMs in 41 cities nationwide and a network of over 12 banks on its MNET ATM Switch. MCB already has a vast array of products & services in consumer banking and will be launching its MCB VISA Credit card shortly.

The Telenor group is an international provider of high quality telecommunications, data and media communication services. Telenor ranks as one of the biggest GSM service providers in the world with over 100 million subscribers. Telenor Pakistan is 100% owned by Telenor ASA and adds on to its operations in Asia together with Thailand, Malaysia and Bangladesh.

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