U Microfinance Bank (U Bank) and IMARAT Group of Companies have forged a strategic partnership to deliver tailored branch and branchless banking services to the IMARAT Group, encompassing Graana and Agency21.
In this collaboration, U Bank will provide a suite of personalized banking services to IMARAT Group. These include employee banking with complimentary insurance, payroll disbursement, collection arrangements via branch banking and digital channels, and customized financial products to meet the financial needs of IMARAT Group’s employees and customers. The objective is to support all stakeholders involved, fostering overall economic growth and inclusion.
Additionally, the signing ceremony, held recently in Islamabad, saw the formalization of the Memorandum of Understanding (MoU) by Mr. Mohamed Essa Al Taheri, President & CEO of U Bank, and Mr. Shafiq Akbar, Chairman of IMARAT Group, in the presence of senior management from both entities.
Mr. Mohamed Essa Al Taheri, President & CEO of U Bank, expressed his views on the partnership, stating, “At U Bank, we champion financial empowerment for all and recognize the value of collaborative partnerships with esteemed allies to achieve this goal. Simultaneously, this strategic alliance with IMARAT Group underscores our commitment to providing comprehensive financial services tailored to the diverse needs of corporate employees and customers. We eagerly anticipate leveraging our banking expertise to enhance their financial well-being.”
Mr. Shafiq Akbar, Chairman of IMARAT Group, shared his perspective on the collaboration, remarking, “At IMARAT, our ethos revolves around simplifying and enriching the lives of our clients through straightforward, personalized financial services. Our collaboration with U Bank is a significant step in this direction. Furthermore, it allows us to enhance financial convenience and opportunities for our team members, clients, and partners alike. Ultimately, this partnership aims to enhance the financial health of our community and make a meaningful impact in their daily lives.”
Moreover, the partnership between UBank and IMARAT Group indicates the commencement of a promising journey toward inclusive financial services and economic empowerment, contributing to the overall prosperity of the business community in Pakistan.
