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U Microfinance Bank celebrates 200th branch network landmark.

Islamabad, October 04, 2019:

U Microfinance Bank inaugurates its 200th Branch situated in Gilgit with the commitment to take banking services to the last mile in Pakistan. The President  & CEO of U Microfinance Bank, Mr. Kabeer Naqvi along with the management team inaugurated the branch on 4th of October 2019.

Mr.Naqvi while speaking at the occasion said that “we are committed to expanding our footprint across Pakistan and grow our network to serve the unbanked population of the country. We strongly believe that access to microfinance services helps to build a more inclusive society and our financial services contribute in creating livelihoods for our customers. Our expanding geographical footprint is a testament to our commitment towards economic enablement of the unbanked population of Pakistan”.

Mr. Naqvi thanked U Microfinance bank’s shareholder and the board for their continuous support and trust. He said that State Bank of Pakistan has played an instrumental part in helping us achieve this landmark by extending unparalleled support and guidance. He further added that U Bank is immensely grateful to its customers for their confidence in U Bank’s brand. Lastly, Mr. Naqvi thanked U Bank’s employees for their hardwork and passion, who are at the heart of this organization. U Microfinance bank is a wholly owned subsidiary of PTCL and currently operates in over 160 cities and the rural areas. It offers a wide range of microfinance loans and deposit products. U Bank’s branchless banking arm – U Paisa, provides banking services at approximately 45,000 agent locations across Pakistan. U Microfinance Bank is undergoing a digital transformation and is getting ready to serve its customers through digitizing the loan process, provide 24 hour banking services through its own ATMs and offer internet & mobile banking services.

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ABOUT U BANK

U Microfinance Bank Ltd. (U Bank) is a wholly owned subsidiary of Pakistan Telecommunication Company Limited (PTCL) – Etisalat Company. The bank has a network of more than 200 touch points, across 183 cities and rural areas in Pakistan and offers a wide range of microfinance loans, deposit products, and branchless banking solutions. U Bank’s branchless banking offers services under the banner of U Paisa in collaboration with Ufone (Pak Telecom Mobile Limited). The service is offered at nearly 45,000 agent locations across Pakistan.

U Microfinance Bank is proud to be at the front line of fighting poverty in Pakistan and is dedicated to play its critical part in the implementation...
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