Waseela Bank Starts Operations

Waseela-Microfinance-Bank-LWaseela Microfinance Bank Limited (WMBL) announced the commencement of its operations in Pakistan with the opening of its first branch in Islamabad.

This commercial launch of its first branch in Islamabad (F8 Markaz) could be be termed as a soft launch with limited products in offering.

Easypaisa would be relieved to see this tiny launch by Waseela Bank. Sure they have secured a better market placement with huge competing difference for others to fill.

Waseela Bank is yet to get its website live, in fact its showing “Coming Soon” message on it, while we are told that product information will be communicated to us by week end.

Waseela Bank said that product portfolio will include flagship service for branchless banking, which is likely to surface in two to three months from now.

Waseela Microfinance Bank has been established to cater the need for banking and financial services that are easily accessible for the unbanked and under-banked.

Waseela Microfinance Bank Limited said that its goal is to serve lower-income groups by providing structured financial services suited to their needs. WMBL is a fully owned subsidiary of Orascom Telecom Holdings, and a sister concern of Mobilink – Pakistan Mobile Communications Limited (PMCL).

Speaking at the inauguration, Ghazanfar Azzam, President and CEO, Waseela Microfinance Bank Limited highlighted, “Waseela Microfinance Bank and its management will continue to research, innovate and offer customer focused solutions that are easily accessible to the general public. I want to thank the State Bank of Pakistan (SBP) for acting as a progressive and supportive central bank and creating an enabling environment for the holistic growth of microfinance in Pakistan.”

Tech reporter with over 10 years of experience, founder of ProPakistani.PK


  • ASRA ASLAM

    AOA, GHAZANFAR SIR, REALLY FELT SO HAPPY TO SEE YOU AND I WOULD LIKE TO CONGRATULTE ON ANTHORHER MILESTONE OF YOUR LIFE. I HAVE ALREADY WORKED IN PRIME COMMERCIAL BANK LTD. I WOULD LOVE TO SAY PROUDLY THAT I HAVE ATTENED SO MANY TARAININGS OF U .
    WISH U ALL THE BEST SIR.
    ASRA ASLAM

  • Muhammad Habib

    hi i am Muhamamd Habib i want lone i am government servant and i av eel others bank lone and card you provied me lone i am working part time bussince