U Microfinance Bank Enters into Strategic Partnership with TPL Corp Limited propakistani.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from propakistani.pk Daily Mail and Mail on Sunday newspapers.
The U Microfinance Bank Limited (U Bank) has entered into a strategic partnership with Allied Bank Limited (ABL) and ABL Asset Management Company Limited to promote financial inclusion in the Country.
United Bank Limited (UBL) and U Microfinance Bank Limited (U Bank) recently signed a Memorandum of Understanding to promote financial inclusion in Pakistan and to open up multiple avenues for collaboration
U Bank, BAFL join hands
July 13, 2021
KARACHI: U Microfinance Bank Limited (U Bank) President and CEO Kabeer Naqvi and Bank Alfalah Limited (BAFL) President and CEO Atif Bajwa have signed a strategic partnership to promote financial inclusion in the country.
The ceremony was held in the head office of Bank Alfalah and was witnessed by the senior management of both institutions. This new relationship not only strengthens the bond between both banks, but also promises to open up multiple avenues for collaboration, including medium- to long-term debt funding, credit structuring and synergising their respective businesses to scale.
Naqvi said, “We are delighted to establish this partnership with Bank Alfalah, which is aimed at exploring avenues to collaborate, design innovative products and work together in moving the banking sector forward. This alliance will help us serve more customers and bring more Pakistanis in to the banking net.”
KARACHI: U Microfinance Bank Limited (U Bank) and Bank Alfalah Limited entered into a strategic partnership to promote financial inclusion in the country.
The partnership agreement was signed by the president and CEO of U Bank, Kabeer Naqvi, and president and CEO of Bank Alfalah Ltd, Atif Bajwa, on behalf of their respective organisations, a press release issued on Monday said.
“This new relationship not only strengthens the bond between both the banks, but also promises to open up multiple avenues for collaboration, including medium- to long-term debt funding, credit structuring and synergising their respective businesses to scale,” it added.