MMBL, U Microfinance Bank sign MoU to offer housing finance solutions for employees.

ISLAMABAD -- Mobilink Microfinance Bank Limited (MMBL), Pakistan's largest digital bank, and U Microfinance Bank Ltd. (U Bank), Pakistan's fastest-growing microfinance bank, have entered into a strategic partnership for providing housing finance facility for their employees. The MoU was signed between Ghazanfar Azzam, President and CEO - MMBL, and Kabeer Naqvi, President and CEO - U Microfinance Bank, at a ceremony held in Islamabad, in the presence of senior officials from both organizations. Under this partnership, U Bank and MMBL employees can seek housing finance from each other. Eligible employees would have the opportunity to access affordable housing finance of up to PKR 3 million to purchase a new house, flat, apartment, or plot for construction, as well as to construct a house on a preowned plot or add an extension to an existing...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT