The Institute of Bankers Pakistan (IBP) and a local media group in collaboration with AF Ferguson and Co held the first ever Pakistan Banking Awards 2016 at Mohatta Palace, honoring excellence in banking. These awards were given to banks that performed well and contributed towards social impact and financial inclusion.
The first award for the evening, “Bank the Unbanked”, was won by Tameer Bank for its focus on financial inclusion through branchless and conventional microfinance banking, in rural and low-income urban segments of the society including females.
Tameer grabbed the second award for “Best Microfinance Bank” for its all-round performance in expanding outreach through penetration efficiency and innovations along with both strong bottom line and social impact.
Speaking at the occasion, whilst receiving the awards, Ali Riaz Chaudhry, the newly appointed President and CEO of Tameer Bank, said “We are humbled to be recognized as a leader at the highest level in the industry. Our strategy is about transforming ‘banking-for-a-few’ to ‘banking-for-all’, it’s about moving long drawn out processes and exorbitantly expensive access to money for the unbanked, to instant digital fulfillment at affordable cost. We take pride in leading the drive to innovate the entire financial Eco-system in the country and this award is a testament of our success to-date”
A jury of experts from the banking and financial services sector reviewed and decided on the winner. The jury comprised of Syed Salim Raza former governor State Bank of Pakistan, Fuad Hashimi President & CEO, Pakistan Institute of Corporate Governance, Nargis Ghallo Chairperson State Life Insurance Corporation of Pakistan, Azhar Hameed former Banking Mohtasib Pakistan and Former Country Head SCB Pakistan and Shehzad Naqvi former Regional Head Citibank Middle East & Pakistan.