By Ahmed Mukhtar
Mobilink Microfinance Bank Limited (MMBL), and JS Bank Limited (JS Bank) signed an agreement with respect to raising MMBL’s Tier-II Capital of PKR 2,000,000,000 in form of DSLR listed term finance certificates.
The signing ceremony was attended by Ghazanfar Azzam President and CEO MMBL Basir Shamsie, President and CEO JS Bank, Sardar Mohammad Abubakr, and Chief Finance and Digital Officer MMBL.
Mobilink Microfinance Bank Limited and JS Bank
On the occasion, Ghazanfar Azzam said that the cooperation between Mobilink Microfinance Bank Limited (MMBL) and JS Bank Limited for raising 2 billion rupees in TFCs reflects the Bank’s vision in digital banking. He said that this strategic partnership will enable Mobilink Microfinance Bank Limited to broaden the scope of financial instruments to explore new opportunities to offer financial solutions to SMEs, and innovative digital and women entrepreneurs. He termed it their key focal areas.
Basir Shamsie, President & CEO of JS Bank said that they look forward to mutually beneficial cooperation with MMBL to play an active role in bolstering financial inclusion in the country.
