U Bank Ranked as the Top Microfinance Agriculture Credit Performer by SBP

 



U Microfinance Bank, Pakistan’s fastest-growing microfinance bank, has been lauded for its ‘Exceptional’ performance in agricultural credit in Pakistan, for Fiscal Year 2023, as rated by the State Bank of Pakistan (SBP). With this, U Bank is leading the microfinance industry in agri-loans in the country with the highest score.

U Bank has achieved a commendable score of 80.6 in SBP’s Agriculture Credit Scoring Model, which utilizes multi-dimensional criteria to evaluate and improve agriculture financing by banks in Pakistan. This score is also the highest amongst all banks in the country, making U Bank one of the top contributors to the impressive growth of 25 percent in agriculture credit disbursement in Pakistan in FY2023, as reported by the SBP recently.

For the recognition of the bank’s efforts, Mr. Kabeer Naqvi, President & CEO – U Microfinance Bank stated, “The SBP has played a key role in revitalizing and supporting the agriculture sector in light of the destruction caused on the country’s farmlands by last year’s devastating floods. We are glad to have achieved this milestone that demonstrates U Bank’s unwavering commitment to fostering financial inclusion and empowering the backbone of our society – the agricultural industry.”

As one of the leading microfinance banks in Pakistan, U Bank remains steadfast in its mission to facilitate economic growth in both rural and urban sectors.  

Comments

Post a Comment

Popular posts from this blog

Cheezious Launched Special Kitchen Tour Series to Commemorate World Food Safety Day 2024

Image
                     On World Food Safety Day Cheezious announced the launch of "Special Kitchen Tour Series." This initiative is designed to provide an exclusive, behind-the-scenes look at our kitchen facilities, showcase the stringent Standard Operating Procedures (SOPs) we follow, and highlight the extensive measures we take to maintain and elevate food safety standards. As part of this, Cheezious planned a series of visits with various esteemed institutions to demonstrate our commitment to food safety and share best practices with the community. The teams of Punjab Government Technical Training Institute for Women, School of Public Health, Food Authorities & College of Tourism & Hotel Management (COTHM) visited our Islamabad & Lahore Cheezious Branches. Head of Marketing Cheezious Zohaib Hassan said that "As a brand deeply committed to food safety and quality, we announced our 'Special Kitchen Tour Series' in honor of World Food Safety Day. This i
Read more

Price Drop! Dial to China at the Lowest Rates ever with Zong 4G!

Image
                   Zong 4G, the leading telecom service provider in Pakistan, is thrilled to announce the launch of new International Direct Dialing (IDD) China Bundles for both prepaid and postpaid customers. In a bid to enhance connectivity and provide greater value to the customers, Zong 4G is also significantly reducing the rates for IDD calls to China. Starting today, Zong 4G’s customers can enjoy new IDD China Bundles “ Kam Paisay Ziyada Baat ” & “ Pak-China Friendship Bundle ”. These bundles are a new offering that make communication for Chinese expats in Pakistan easier and more affordable. These bundles cater to the growing demand for reliable international  communication, allowing Zong customers to stay connected with their loved ones and business associates in China. Zong is providing smooth connectivity along CPEC routes, combined with affordable bundles the services aim to foster stronger business and personal relationships between the two nations. With triple the reso
Read more

Zong in collaboration with DCode offers affordable access to 4G connectivity by bundling discount and freebies with Cygnal 4 Lite

Image
   Taking one step ahead in bridging the digital divide, Zong, in partnership with DCode, is offering an affordable device-data bundle. This initiative is taken to further the accessibility of connectivity in the country and enable societies with high-speed internet, enabling broader participation in the digital economy and improving access to essential online services like business, education and healthcare, making 4G more accessible and affordable for the masses. Available at Zong Customer Service Centers in Karachi, Lahore, Islamabad and Rawalpindi, the device is offered for Rs. 21,999 only and comes packed with 12 GB free data bundle for six months, allowing customers to enjoy uninterrupted connectivity on Pakistan’s leading 4G network. The newly launched Cygnal 4 Lite is designed to offer a seamless 4G experience. With a 6.6” HD display, 8 GB RAM, 64 GB ROM (expandable up to 256 GB), and a robust 5000 mAh battery with Type-C support, the Cygnal 4 Lite is packed with features to de
Read more