U Microfinance Bank (U Bank) and IMARAT Group Forge Strategic Partnership for Tailored Banking Services
U Microfinance Bank (U Bank) and IMARAT Group of Companies have announced a strategic collaboration aimed at providing customized branch and branchless banking services to IMARAT Group entities, including Graana and Agency21. The memorandum of understanding (MoU) was signed at a recent ceremony in Islamabad, solidifying the commitment of both organizations to bolster financial services for IMARAT Group employees and customers.
The signing ceremony, attended by senior management representatives from both U Bank and IMARAT Group, marked the formalization of a partnership set to enhance financial accessibility and convenience for IMARAT Group stakeholders. Under the agreement, U Bank will extend a suite of tailored banking solutions, encompassing employee banking services, payroll disbursement, collection arrangements, and digital banking facilities.
Mr. Mohamed Essa Al Taheri, President & CEO of U Bank, emphasized the significance of the collaboration, highlighting U Bank’s dedication to fostering financial empowerment through strategic alliances. He expressed confidence in U Bank’s ability to meet the diverse financial needs of corporate clients and individuals, underscoring the institution’s commitment to comprehensive financial inclusion.
In response, Mr. Shafiq Akbar, Chairman of IMARAT Group, hailed the partnership as a transformative step towards simplifying and enhancing the financial lives of IMARAT Group clients. He emphasized the importance of personalized financial services in driving convenience and opportunity for employees, clients, and partners alike. Mr. Akbar reiterated IMARAT Group’s commitment to enriching the financial well-being of the community, positioning the collaboration as a means to achieve meaningful impact.
The collaboration between U Bank and IMARAT Group signals a promising trajectory towards inclusive financial services and economic empowerment within the Pakistani business landscape. By leveraging their respective expertise and resources, both entities are poised to catalyze prosperity and growth for IMARAT Group stakeholders and the broader community.
Our strategic alliance with IMARAT Group reaffirms our commitment to providing comprehensive financial services tailored to the diverse needs of corporate employees and customers.” – Mr. Mohamed Essa Al Taheri, President & CEO of U Bank
This partnership is a significant milestone in our journey to simplify and enhance the financial lives of our clients. It enables us to improve financial convenience and opportunities for our team members, clients, and partners.” – Mr. Shafiq Akbar, Chairman of IMARAT Group
As U Bank and IMARAT Group embark on this collaborative endeavor, they set a precedent for meaningful cooperation in advancing financial inclusion and economic prosperity. Through innovative banking solutions and a shared commitment to empowerment, the partnership is poised to make a tangible difference in the financial well-being of IMARAT Group stakeholders and the wider community.
