ISLAMABAD - U Microfinance Bank has entered into strategic partnership with Allied Bank Limited and ABL Asset Management Company Limited.
President & CEO U Microfinance Bank Limited (U Bank) Kabeer Naqvi, President & CEO Allied Bank Limited (ABL) Aizid Razzaq Gill and CEO ABL Asset Management Company Limited (ABL AMC) Alee Khalid Ghaznavi, signed MoUs of strategic partnership to promote financial inclusion in the country.
This collaboration between the institutions will open avenues to support financial and social inclusion of the unbanked population. The areas of interest between U Bank, ABL & ABL AMC include medium to long term debt finance, structured finance, housing finance, Islamic finance, mutual funds and various other funding options. 
Kabeer Naqvi, President & CEO of U Bank, stated that this strategic partnership with ABL Group will strengthen our ability to provide a broad range of banking services to the underserved segment of the society. Furthermore, this will allow us to create efficient synergies with both entities to design and introduce innovative financing solutions.