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.