Apna Microfinance Bank appoints Nazish Ali as Acting President/CEO
Apna Microfinance Bank Limited has announced the appointment of Nazish Ali as Acting President and CEO, effective November 30, 2024. The confirmation came through a notice issued to the Pakistan Stock Exchange (PSX) on Monday.
The bank stated that the appointment had received the necessary clearance from the State Bank of Pakistan, as outlined in a letter dated January 24, 2025.
“We are pleased to inform you that Mr. Nazish Ali was appointed as Acting President/CEO of Apna Microfinance Bank Limited, effective from November 30, 2024. This appointment follows the clearance from the State Bank of Pakistan,” read the official notice.
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Background of Apna Microfinance Bank
Apna Microfinance Bank Limited was incorporated on May 8, 2003, as a public limited company under the now-repealed Companies Ordinance, 1984, currently governed by the Companies Act, 2017.
The bank received its certificate of commencement of business on December 28, 2004, and officially began operations on January 1, 2005. Its primary mission is to provide microfinance services to underserved and economically disadvantaged segments of society, as envisioned under the Microfinance Institutions Ordinance, 2001.
With this leadership transition, the bank aims to continue its commitment to empowering marginalized communities through inclusive financial services.
Source: Profit Pakistan