Islamabad (Zahid Yaqoob Khawaja): Pakistan Telecommunication Company Limited (PTCL), the parent company of U Microfinance Bank Limited (U Bank), has approved a capital injection of PKR 15 billion (approximately USD 53 million) into the Bank, one of the largest equity injection transactions in the industry. The capital injection is intended to support U Bank’s sustained growth trajectory and the development of its digital banking platform, enabling enhanced customer outreach and service delivery.

Mr. Hatem Bamatraf, Chairman of U Microfinance Bank and Group Chief Executive Officer, PTCL Group, reaffirmed PTCL Group’s commitment to initiatives that promote financial inclusion, innovation, and socioeconomic development across Pakistan. He noted that the capital injection reflects the Group’s confidence in U Bank’s digital transformation strategy and its potential to strengthen the microfinance banking ecosystem.

Mr. Tooran Asif, President and Chief Executive Officer, U Microfinance Bank, expressed appreciation to PTCL Group and the State Bank of Pakistan (SBP) for their continued support and guidance. He stated that the capital injection comes at a critical stage as the Bank prepares to enter the next phase of its digital transformation in 2026. The Bank’s transformation strategy is focused on innovation and the introduction of new products and services aimed at expanding access to financial services for millions of customers nationwide.

U Bank received the first tranche of PKR 4 billion on 31st December 2025.