Telenor Bank

Telenor Bank
Private
Industry Microfinance
Founder Nadeem Hussain[1]
Headquarters Karachi, Pakistan
Products
  • Loans
  • Savings
  • Consumer Banking
Parent Telenor Pakistan
Website telenorbank.pk

Telenor Microfinance Bank (formerly, Tameer Microfinance Bank) is a Pakistani micro-finance bank which is based in Karachi, Pakistan. Founded by Social Impact Entrepeneur Nadeem Hussain in 2006, it grew to become one of Asia's leading Microfinance Banks. [1]

In 2016, Telenor Pakistan acquired Tameer Bank.[1]

In 2018, Ant Financial invested $184.5 million in the micro-finance bank for a 45% stake, marking the Chinese Tech Giant Alibaba's first entry into Pakistan.[2]

References

  1. 1 2 3 "Telenor buys Tameer Bank - The Express Tribune". 17 March 2016.
  2. ↑ "Telenor Bank: Chinese group to invest $184.5m - The Express Tribune". 14 March 2018.
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