The PTCL Group is injecting Rs. 15 billion capital into U Microfinance Bank to support the bank’s robust growth and build digital platform.
In a statement, PTCL—the parent company of U Microfinance Bank Limited (U Bank)—said it has approved a capital injection of Rs. 15 billion into the bank, one of the largest equity injection transactions in the industry. The capital injection aims to support U Bank’s sustained growth trajectory and the development of its digital banking platform, enabling enhanced customer outreach and service delivery.
Hatem Bamatraf, chairman of U Bank and PTCL Group CEO, reaffirmed the 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.
Tooran Asif, President and CEO U Bank expressed appreciation to PTCL Group and the State Bank of Pakistan for their continued support and guidance. He said the capital injection comes at a critical stage as U 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. According to the statement, U Bank already received the first tranche of Rs. 4 billion on Dec. 31.