Allied and ABL Company have partnership with U Microfinance Bank

U enters into strategic partnership with Microfinance Bank Allied Bank Limited and ABL Asset Management Company Limited

Mr. Kabir Naqvi, President & CEO of Microfinance Bank Limited (U Bank), Mr. Aziz Razzaq Gul, President & CEO of Allied Bank Limited (ABL) and Mr. Ali, CEO of ABL Asset Management Company Limited Memorandum by Khalid Ghaznavi. ABL AMC) Strategic Partnership MoUs (MOUs) were signed to promote financial inclusion in the country.

This inter-agency collaboration will pave the way for financial and social inclusion of the underprivileged population. Areas of interest between UBank, ABL and ABL AMC include Medium to Long Term Loan Finance, Structured Finance, Housing Finance, Islamic Finance, Mutual Funds and various other funding options.

Speaking on the occasion, Mr. Kabir Naqvi, President and CEO, UBank, said that this strategic partnership with ABL Group would strengthen our capacity to provide a wide range of banking services to the underprivileged sections of the society. ۔ In addition, it will allow us to effectively coordinate with both institutions to design and introduce innovative financing solutions.

Mr. Aziz Razzaq Gul, President and CEO of ABL, appreciated the Bank's relationship with ABL and wished to further strengthen its engagement in the future. He also spoke about the need to invest in human resources to develop the industry by minimizing non-performing loans and controlling lending to provide quality services and financial solutions to the people.

Mr. Ali Khalid Ghaznavi, Chief Executive Officer, ABL Asset Management said on the occasion that we are excited for the strategic alliance with UBank which brings us closer to our vision of providing innovative solutions so that investors can invest in them. ۔ Help reach goals and make a lasting impact. Great

The event was held at the ABL head office and was attended by senior management of both the companies including Mujahid Ali, Group Chief of Information Technology Group, Sohail Aziz, Group Chief of Digital Banking Group, and Moin Khalid, Group Chief. - Risk Management Group from ABL; Mr. Syed Khalid Hussain - Country Head Business Development, Mr. Saqib Matin - CFO and Mr. Mohammad Asif - Head HR ABL AMC and Ms. Maryam Pervez - Chief Commercial Officer and Chief of Staff, Mr. Mohammad Farooq Kamran - Head of Corporate. Banking and Investment, Mr. Mohsin Aslam - Head Budgeting Planning and Corporate Finance and Ms. Madiha Latif - Assistant Manager Corporate Finance U Bank.