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.
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