Tameer Microfinance Bank bagged the ‘Best Microfinance Bank’ and the ‘Bank the Unbanked’ awards at the country’s first ever Pakistan Banking Awards 2016, held at the Mohatta Palace, Karachi. These awards were given to banks that performed well and contributed significantly towards social impact and financial inclusion in Pakistan.
The first award category, ‘Bank the Unbanked’ recognizes Tameer Bank for the work it has done on financial inclusion in Pakistan. As the first microfinance bank and the financial powerhouse behind Easypaisa, Tameer Bank has brought financial services to millions of Pakistanis, with over 75,000 touch points and more than 21 million active customers. This award is particularly significant as it reflects Tameer’s penetration in rural and low-income urban segments of the society, particularly women. Tameer Bank, through its microfinance leadership and branchless banking services, is committed to accelerating socio-economic development.
Tameer Bank grabbed its second award ‘Best Microfinance Bank’ for its exceptional performance in expanding outreach through penetration, efficiency and innovations along with both strong bottom line and social impact. Tameer Bank provides microfinance and related financial services to the less privileged, unbanked segment of the society with an aim to contribute towards poverty eradication, and boasts the largest microfinance portfolio in Pakistan.
Speaking at the occasion, whilst receiving the awards, Ali Riaz Chaudhry, the newly appointed President and CEO of Tameer Bank, said, “We are humbled to be recognized as a leader at the highest level in the industry. Our strategy is about transforming ‘banking-for-a-few’ to ‘banking-for-all’, it’s about moving the long drawn out processes and exorbitantly expensive access to money for the unbanked, to instant digital fulfillment at an affordable cost. We take pride in leading the drive to innovate within the country’s financial ecosystem and this award is a testament of our success to date.”
Tameer Bank believes in keeping up with its mission of improving lives of people of Pakistan by building the ecosystem for the unbanked through innovation, best in class talent and customer care, in a sustainable manner.