PTCL Group, the largest ICT services provider in Pakistan, is pleased to announce the appointment of Mr. Mohamed Essa Al Taheri as the new acting President and CEO of U Microfinance Bank.
The decision came after the former President and CEO, Mr. Kabeer Naqvi tendered his resignation and it was subsequently accepted by the Group. Mr. Naqvi leaves behind a remarkable legacy of progress, innovation, and exponential growth during his tenure at the bank. He was associated with U Bank since 2015 and led it with vigor and a drive to create an impactful difference in the microfinance industry of Pakistan.
U Bank, an investment of PTCL Group, remains committed to its mission of empowering individuals and businesses through accessible financial services and ensuring financial inclusion for all segments of Pakistani society. The Bank enjoys strong backing from the Group as it has consistently demonstrated impressive financial strength and performance.
President and Group CEO, PTCL & Ufone 4G, Hatem Bamatraf welcomed the new CEO aboard while he bid farewell to the outgoing CEO, expressing his heartfelt gratitude for years of dedicated service. In his role as Chairman, Board of Governors of U Microfinance Bank, Mr. Hatem Bamatraf conveyed his unwavering commitment to provide the new CEO with steadfast support in order to sustain the Bank’s growth trajectory.
U Bank, an investment of PTCL Group, remains committed to its mission of empowering individuals and businesses through accessible financial services and ensuring financial inclusion for all segments of Pakistani society. The Bank enjoys strong backing from the Group as it has consistently demonstrated impressive financial strength and performance.
Mr. Al Taheri has been associated with U Bank as a Member of the Board of Directors and worked with e& Group as the Group EVP Financial Policies and Systems. He holds a Master’s degree in International Business from the University of Wollongong, Dubai, and brings over 20 years of professional experience from working with HSBC Bank, Dubai Commercial Bank, and the Development Board of Dubai Government.
PTCL Group believes that Mr. Essa Al Taheri will play an instrumental role in the bank’s growth and progress, continuing with the remarkable and sustained digital transformation and innovation. The Group wishes him well.
U Bank remains committed to its mission of empowering individuals and businesses through accessible financial services and ensuring financial inclusion for all segments of Pakistani society.
Heartiest congrats – Sir, I’M sure that the organisation will achieve the next level under your Dynamic leadership. Best of luck.
Warm welcome to Sir Taheri sb and best wishes for Mr. Naqvi sb.
No doubt Mr. Naqvi has left a remarkable legacy of progress and expansion of Ubank. We always miss Mr. Naqvi.
I would like to extend my warmest congratulations on your appointment as the CEO of UBank. This is a remarkable achievement and a testament to your outstanding leadership, dedication, and expertise in the financial industry.
Congrats to new management and CEO. I’m Muhammad sameen siddiqui and my spouse afshan sameen are joint account holders of ubank Gulshan branch under leadership of dynamic manager mr.murad Hussain Shah. We have a high deposit with ubank for last ten year. The success of ubank is our prosperity. Grow and live long. Regards
October 20, 2023 At 8:23 am
To conclude, it can be stated that the forceful resignation of Mr. Kabeer & Miss. Ambreen Malik can be called the repayment of their actions. The lady was known as the only decision maker of the banks HR policies & staffs hiring & firing based at her personal likes and dislikes.
Waiting for another harsh decision about Salman Akhtar & Arif Hussain who treated the people as their slaves and personal property.
in the end it is a crystal clear capturing of Mukafaat, e Amal and Allaah Ki Lathi