Waseela Microfinance Bank begins operations in Pakistan

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

Waseela Microfinance Bank has been established to cater the need for banking and financial services that are simple and easily accessible for the unbanked and under-banked. WMBL will also introduce mass market financial products for providing more choices and benefits to the people of Pakistan.

Speaking at the inauguration, Ghazanfar Azam, 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.”

Waseela Microfinance Bank Limited is the latest addition to the microfinance industry of Pakistan with a goal to serve lower-income groups by providing structured financial services suited to their needs.

WMBL has been established with a vision for economic and trade empowerment in both rural and urban communities, offering customer focused products and outstanding banking services. WMBL is a fully owned subsidiary of Orascom Telecom Holdings, and a sister concern of Pakistan Mobile Communications Limited (PMCL).

For more information, contact:
Rizwan Shah
Shamrock Communications (private) Limited
Tel: +9242 3586 1219
Cell: +92305 574 0715
Email: shamrocklhr@gmail.com

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