Telenor Bank CEO Steps Down to Pursue New Opportunity
Telenor Bank CEO Steps Down to Pursue New Opportunity

Mudassar Aqil, the CEO of Telenor Microfinance Bank Limited, has stepped down from his position to pursue a new opportunity abroad. Aqil’s departure comes at a time when the bank is experiencing strong growth and profitability.

Read More: Zong 4G Joins Hands with Resource Linked to Empower Pakistan’s Corporate Sector with Digital Connectivity Solutions

Telenor Microfinance Bank recently released its financial results for the first quarter of 2023, reporting a profit of PKR 1.25 billion. This represents a significant increase from the same period last year, when the bank reported a loss of PKR 2.185 billion.

The bank’s strong performance is due to a number of factors, including increased investment in branchless banking and equity injection. Aqil has also been credited with driving innovation and digital transformation at the bank.

Aqil’s departure is a loss for Telenor Microfinance Bank. He was a respected leader who helped to transform the bank into a leading player in the financial technology sector in Pakistan.

The bank’s board of directors has begun the search for a new CEO. The new CEO will need to be a strong leader who can continue the bank’s growth and innovation.

Telenor Microfinance Bank Limited and Easypaisa are committed to providing high-quality financial services to their customers and contributing to the digital transformation of Pakistan’s economy. They will continue to focus on these goals as they transition to a new leadership team.

Leave a Reply

Your email address will not be published. Required fields are marked *

Sign Up for Our Newsletters

Get notified of the best deals on our WordPress themes.

You May Also Like

PTCL Group opens new Futsal Arena to promote physical health & wellbeing of employees

Pakistan’s largest telecommunication and integrated ICT services provider, PTCL Group (PTCL &…

Dubai’s Crypto Market and the Challenges: The Cryptoverse Responds to Global Changes

Dubai’s crypto market has been significantly influenced by the evolving global regulatory…

Huawei Releases Multiple Smart Office Devices, and Number of Users Upgraded to HarmonyOS 2 Surpasses 100 Million

On September 13 at the new smart office product launch event, Huawei…