The State Bank of Pakistan (SBP) has granted approval for Muhammad Nauman Chughtai to assume the role of President and Chief Executive Officer (CEO) of MCB Bank, following the successful completion of his Fit and Proper Test (FPT).
In an official notification to the Pakistan Stock Exchange (PSX) on Wednesday, MCB Bank confirmed the development, stating:
“It is hereby informed that the State Bank of Pakistan has cleared FPT of Mr. Muhammad Nauman Chughtai as President and CEO of MCB Bank Limited.”
This marks a significant step for the bank, with Chughtai poised to lead one of Pakistan’s largest and most prominent financial institutions. His appointment reflects confidence in his capabilities to steer MCB Bank toward continued growth and innovation in the banking sector.