U Microfinance Bank Limited (Formerly known as Rozgar Microfinance bank Ltd.)

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GMT - 3 Hours U Microfinance Bank Limited (Formerly known as Rozgar Microfinance bank Ltd.)

Post by plhr60 on Sat Jun 21, 2014 5:15 pm

U Microfinance Bank Limited (Formerly known as Rozgar Microfinance bank Ltd.) was incorporated as public ltd. Company On 29th of October 2003 under Company Ordinance 1984.

It was the 4th microfinance bank, licensed by State Bank of Pakistan under Microfinance Institutions Ordinance 2001. Initially, Rozgar, MicrofinanceBank Limited was a district wide microfinance Bank (MFB) operating in Karachi district.

In August, 2012,Pakistan Telecommunication Company Limited (PTCL) has acquired 100% shareholding of Rozgar Microfinance Bank Limited, after fulfilling required regulatory requirements and change in name from Rozgar Microfinance bank Ltd. To U Microfinance bank Ltd, it was awarded 14thlicenseto operate at national level.

The bank registered office is situated at 2nd Floor, Eastren Half, Razia Sharif Plaza, Jinnah Avenue,
Blue Area, Islamabad.
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