Lahore Feb 23, 2023: Chairman Board of Directors MCB Islamic Bank Ltd., Mr. Raza Mansha has announced that Zargham Khan Durrani has been appointed as the new President & CEO of MCB Islamic Bank Ltd.He said that MCB Islamic Bank is on a growth trajectory and is expected to grow further at a rapid pace under the leadership of Mr. Durrani. Mr. Mansha further stated that Islamic banking is gaining popularity as the preferred way of banking in Pakistan, and MCB Islamic Bank is well-positioned to capitalize on this trend. He said that it gives him a great pleasure to welcome Zargham Khan Durrani on this prestigious leadership position.
Mr. Zargham Khan Durranihas an extensive banking career spanning over 27 years. Prior to joining MCB Islamic Bank, Mr. Durrani was Group Head Retail Banking (SEVP) in MCB Bank, one of the largest bank in Pakistan.
Mr. Durrani has an impressive and successful track record of realizing visions into realities. He is an experienced banking professional having hands-on experience in branch banking, digital banking, SME/Commercial lending and building & managing highly successful large teams through coaching, motivation and leading from the front.
Transformation of MCB Bank’s retail franchise over the last 15 years, through successful alignment of products, channels and services with the changing market trends as well as envisioned future state of the banking industry where customer’s needs drive everything, is a testament to his success.
During his tenor at MCB Bank, the Retail Banking Group achieved phenomenal growth in all major KPIs including Total Deposit, Current Deposit, NTBs, BANCA, VDC, FBI, Trade & Advances.
Apart from MCB Bank, he has worked with Standard Chartered Bank, Union Bank and other financial institutions both locally and internationally.He has also served as Director of MNET Service (PVT),a wholly owned subsidiary of MCB Bank (now merged into MCB Bank). MNET was the first company in Pakistan to provide a secure electronic inter-bank connectivity platform for online financial transactions.
He holds a Masters’ degree in Business Administration from Iowa State University, USA.
About MCB Islamic Bank Ltd.
MCB Islamic Bank is a Shari’ah compliant financial services provider. The bank operates with a nation- wide network of 200 branches backed by 185 plus onsite and offsite ATMs network. The Bank focuses on building strong and lasting relationships with its valuable customers. The Bank also focuses on delivering an experience that satisfies all types of customers across Corporate, Commercial, SME, Consumer, Agriculture and Micro sectors. The Bank offers wide range of RIBA FREE and Shari’ah compliant products for both personal and business banking requirements.
