Apna Microfinance Bank : Announcement of Corporate Briefing Session

Corporate Briefing Session

For the year ended December 31, 2023 to be held on Friday 21st June 2024 at 12:00 Noon at Registered office K-4/3 & 4/4 Ch. Khaliq-uz-Zaman, Road, Gizri, Karachi.

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Company Profile

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Company Profile:

Board of Director:

• Mr. M.A Shahid - Chairman
• Mr. Imad Mohammad Tahir - Director
• Mr. Muhammad Asghar - Director
• Mr. M. Saleem Shaikh - Director
• Mr. Shahid Hassan - Director
• Syed Rahat Ali Shah - Director (Resigned)
• Mr. Abdul Aziz Khan - Director
• Ms. Tahira Raza - Director (Resigned)
• Mr. Wajahat Malik - Executive

Director/President/CEO

Corporate Information:

• President/Chief Executive: Mr. Wajahat Malik
• Company Secretary:

Mr. Noshad Ahmad

• Chief Financial Officer: Mr. Mansoor Ahmad
• Auditors:

RSM Avais Hyder Liaquat Nauman Chartered Accountant

• Legal Advisor:

Mumtaz Najam Law Chambers

• Tax Consultant:

Grant Thornton Pakistan

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Company Profile:

Background:

• Incorporated in May 2003 as a Public Limited Company.
• Certificate of commencement of business was granted in December 28, 2004.
• Started operations on January 01, 2005.
• The Bank operate at national level in Pakistan.
• Principal business is to provide microfinance services to poor and underserved segment of the society.
• The Bank has 106 Business locations (Branches: 105 and Service Centers: 1).
• Registered office is situated at K-4/3 & 4/4 Ch. Khaliq-uz-Zaman Road, Gizri, Karachi.
• Head office is situated at 23/A Sunderdas Road Zaman Park, Lahore.

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Company Profile:

Credit Rating:

The long-term rating of the Bank is "BBB-" (Triple B negative) and the short-term rating is "A4" (A Four) with a "Negative" future outlook as determined by The Pakistan Credit Rating Agency Ltd. (PACRA) in their statement issued on July 27, 2023.

Major Loans Products:

• Apna Agri Loan
• Apna Gold
• Apna Pension Loan
• Apna Business Loan
• Apna Sawari 4 Wheeler
• Apna Sawari Deals
• Apna Salary Loan
• Apna Tractor Loan
• Apna House Loan
• Apna Live Stock Loan

Branch Network:

• Punjab
• Sindh
• Baluchistan
• KPK
• Gilgit Baltistan
• Azad Jammu Kashmir
• Islamabad

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ABOUT APNA MICROFINANCE BANK

LIMITED (AMBL)

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Introduction:

Apna Microfinance Bank Limited is managed by group of highly experienced bankers. We are committed to providing specialized financial services to the less privileged, marginalized and poor segments of society. We support economic empowerment of women & micro-entrepreneurs in the Agri and Micro enterprises in rural areas of Pakistan. The Bank has been operating at national level in Pakistan.

Our main focus is to provide personalized services to the poor segment of the society through our dedicated products aimed at changing their lifestyle by entering them in micro-entrepreneurship at the lowest mark-up rate in the market.

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FINANCIAL HIGHLIGHTS

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