CEO Punjab Bank designated as Chairman Pakistan Banks
Association
The Pakistan Banks Association (PBA) has designated Zafar
Masud, President and CEO of The Bank of Punjab (BOP), as its new Chairman.
This development follows the appointment of Muhammad
Aurangzeb, the former Chairman of the PBA, as the Federal Minister of Finance
and Revenue for Pakistan earlier this month.
Bank
of Punjab emerges as top mid-sized bank in commercial banking industry
The transition in leadership was formalized during a meeting
of the PBA Executive Committee (EC), where Zafar Masud, previously serving as
the Senior Vice Chairman of the PBA, was unanimously elected as the new
Chairman of the Association.
Additionally, Yousaf Hussain, President & CEO of Faysal
Bank, has been elected as the Senior Vice Chairman, while Ahmed Khan Bozai,
Managing Director & Citi Country Officer of Citibank N.A., Pakistan,
assumes the role of Vice Chairman of the Association.
The PBA expresses confidence in the new leadership,
emphasizing its dedication to effectively representing the banking sector and
nurturing strong relationships with key stakeholders, including the State Bank
of Pakistan. Under the guidance of the new Chairman and Executive Committee,
the PBA aims to bolster the technological and digital infrastructure of banks,
maintain the highest standards of compliance, and foster financial inclusion.
Bank
of Punjab secures title of "Best SME Bank in Pakistan"
Furthermore, the Association intends to collaborate with
banks to bolster the growth of Small and Medium Enterprises (SMEs), middle
markets, and the financing of vital infrastructure and industrial projects
crucial for the country’s development.
Acknowledging the contributions of Muhammad Aurangzeb during
his tenure as Chairman of the PBA, the Association expresses gratitude for his
significant efforts. It looks forward with optimism to the future under the
leadership of Zafar Masud and the newly appointed Executive Committee,
believing they will steer the organization towards further achievements and
notable milestones.
Bank
of Punjab takes lead in loan disbursement to youth
The appointment of Zafar Masud as Chairman of the Pakistan
Banks Association heralds a new era for the banking sector in Pakistan. With a
focus on innovation, compliance, and inclusive growth, the PBA is positioned to
play a pivotal role in shaping the financial landscape of the country in the
years ahead.
Source: pkrevenue.com