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.

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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.

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