Pakistan Telecommunication Company Ltd. (PTCL) Group, the parent company of U Microfinance Bank (U Bank), has significantly invested PKR 4 billion (around USD 15 million) into U Bank to support the expansion of its Islamic Banking services and digital innovation. This considerable equity injection highlights PTCL Group’s strong belief in U Bank’s growth strategy and future potential.

This investment is particularly noteworthy as U Bank enters its Year of Transformation in 2025, focused on evolving, scaling its business, and furthering its commitment to financial inclusion. Key initiatives include converting operations to Islamic Banking to meet the increasing demand for riba-free and Shari’ah-compliant financial solutions in Pakistan's microfinance sector.

Furthermore, U Bank plans to enhance its digital capabilities to become a leader in Pakistan’s digital microfinance banking space, offering innovative and customer-centric solutions. The bank aims to empower rural communities, small businesses, and SMEs by improving access to tailored financial products and services in remote areas. Collaborating with like-minded organizations, U Bank seeks to advance financial inclusion and empowerment.

Mr. Mohamed Essa Al Taheri, President & CEO of U Bank, shared his excitement about the capital injection, stating, “This substantial investment by PTCL Group showcases their unwavering trust in U Bank’s potential and our dedication to transforming Pakistan's microfinance landscape. This Year of Transformation is pivotal, and with this support, we aim to leverage technology and make a lasting impact.”

Mr. Hatem Bamatraf, President and Group CEO of PTCL & Ufone 4G, said, “At PTCL Group, we are dedicated to empowering initiatives that drive financial inclusion, innovation, and community uplift across Pakistan. This capital injection into U Bank highlights our belief in its transformative vision for 2025 and its potential to redefine the microfinance banking ecosystem. By expanding U Bank’s Islamic Banking services and enhancing its digital capabilities, we are investing in both the bank and the economic empowerment of underserved communities. We are proud to support U Bank during this crucial phase of its journey toward sustainable progress and innovation.”

Over the years, PTCL Group has provided capital injections totaling over PKR 13 billion (approximately USD 46 million) to U Bank, making it one of the strongest microfinance banks by equity base in the country. With this new capital, U Bank intends to utilize the resources to set the stage for a transformative and impactful year ahead.
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