Banking

Telenor microfinance bank appoints Mohammad Mudassar Aqil as CEO

Karachi, July 24, 2019: The Board of Directors of Telenor Microfinance Bank has appointed Mohammad Mudassar Aqil as the bank’s new CEO. He will officially join the bank on 1st November, 2019, subject to all regulatory approvals.

Mudassar has been actively involved in the banking and microfinance industry. He has served as Chief Executive Officer of FINCA Microfinance Bank since 2011. Mudassar is a mission centered person with established experience in leading change.

Prior to joining FINCA, he spent 14 years with leading commercial banks in Pakistan and the United States. He also serves as a Director on the Board of Pakistan Microfinance Network.

Irfan Wahab Khan, of Emerging Asia Telenor Group and Chairman of the Board of Telenor Bank, said, “After a thorough and wide-ranging selection process, the Board is delighted to Aqil to lead Telenor Microfinance Bank.

Having worked in a variety of senior, Mudassar a deep understanding and experience of our business, the industry, the market in which we operate. He is a strong, dynamic, and value-driven leader with an impressive delivering high-quality performance. The Board warmly welcomes Mudassar that the bank will continue to thrive and lead the and digital financial the country.”

Commenting on his new appointment Mohammad Mudassar Aqil said, “I am extremely thankful the Board for providing me the opportunity to lead this prestigious organization and work towards greater across Pakistan.

As part of my efforts I look forward to realizing Telenor Microfinance Bank’s commitment and I am hopeful that together we will redouble society as a whole.” As the pioneer in branchless banking in Pakistan with Easypaisa in 2009, Telenor Microfinance Bank innovation to achieve financial empowerment for the masses.

With an extensive footprint, a state of the art mobile application, and a thriving over the counter, the Bank has served 29 million customers.

Moving from strength to strength, Telenor Pakistan, creating further value for its customers by phones within a matter of minutes. In less than a year, the Bank 300 thousand customers with financing worth PKR 2 billion.

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