New Silk Road Finance Awards 2017 South Asia: Best regional bank for BRI
MCB Bank, led by chief executive Imran Maqbool, is a worthy winner of best regional bank in south Asia for BRI. It is Pakistan’s third-largest financial institution by market capitalization and the fourth-largest by deposits. It has a roster of China-based corporate clients that spans energy, renewables and infrastructure, including Shandong Hi-Speed, Sinohydro, CSun Solar and Hangzhou Qiantang River Electric.
Pakistan is the most integral sovereign link in the BRI chain. If all goes to plan, Beijing will spend upward of $46 billion in the country by 2030, building power plants, rail lines, port facilities and highways, and enabling resources and goods to pass overland from western China to the Indian Ocean.
By any measure, the China-Pakistan Economic Corridor (CPEC) is one of the first great new engineering projects of this century, and MCB is central to every aspect of the process, as integral and important to CPEC as the trade corridor is to Beijing.