This new relationship not only strengthens the bond between the two banks, but also promises to open multiple avenues of collaboration, including medium and long-term debt financing, credit structuring and the synergy of their respective businesses at scale.
Kabeer Naqvi, President and CEO of U Microfinance Bank, on the occasion, said that we are happy to establish the partnership with Bank Alfalah, which targets to explore opportunities to cooperate, design inventive products and work together to spread the banking sector. . This alliance will help us attend more customers and carry more Pakistanis toward the banking network.
Atif Bajwa, President and CEO of Bank Alfalah admired U Microfinance Bank as an emerging performer and a familiar brand and remarked that Bank Alfalah is always dedicated to building strategic alliances by means of key market players.
This association is in line with its vision and mission to seek new ways to enable its clients to shape their lives and businesses.
The ceremony was held at the Bank Alfalah headquarters and was witnessed by the senior management of both institutions, including Saad ur Rahman Khan – Group Head – Corporate, Investment Banking, Financial Institutions and International Business – Bank Alfalah and Mariam Pervaiz – Commercial Director and Chief of Staff – U Microfinance Bank.