Tameer Microfinance Bank Limited
Encyclopedia
Tameer Microfinance Bank Limited was established in Karachi
Karachi
Karachi is the largest city, main seaport and the main financial centre of Pakistan, as well as the capital of the province of Sindh. The city has an estimated population of 13 to 15 million, while the total metropolitan area has a population of over 18 million...

, Pakistan
Pakistan
Pakistan , officially the Islamic Republic of Pakistan is a sovereign state in South Asia. It has a coastline along the Arabian Sea and the Gulf of Oman in the south and is bordered by Afghanistan and Iran in the west, India in the east and China in the far northeast. In the north, Tajikistan...

 during September 2005. The bank's headquarters are on Shahrah-e-Faisal with branches, sales centers, community centers and Mobile Banking outlets spread throughout Pakistan. In order to service impoverished urban, peri-urban and rural areas; providing full spectrum banking to the common man on the street, anywhere across the nation, 24 hours a day.

In "empowering the unbanked" Tameer focuses on the customer's "critical need/s" as the nucleus around which the organization is built. The objective is to provide products, services and banking innovations to the nucleus which are engineered to bring the privilege value system of the middle class, into communities, at Microfinance cost and terms. Provide better alternatives to the Base of Pyramid (BoP) poor, who have a lack of access to finance
Access to finance
Access to finance refers to the possibility that individuals or enterprises can access financial services, including credit, deposit, payment, insurance, and other risk management services...

, and who are usually hostage to informal and unstructured, financial options.

In 2009, Tameer Bank partnered with Telenor, in the Bank-Lead model, under the State Bank of Pakistan's, Branchless Banking Regulations, to bring easypaisa; a mass market Mobile Banking Service, offering Mobile Accounts, Money Transfer and Utility Bill payment.

Tameer Bank is majority owned by Telenor. 10% by the International Finance Corporation (IFC) of the World Bank Group and the rest by the Founder, President and CEO Mr. Nadeem Hussain and Group.

Tameer positions itself as an innovations leader in Banking and Telecom, with a mass-market solutions approach, which is replicable as well as sustainable for the organization as well as for its customer. Some of the innovations enacted in the past five years have been significant milestones in National Banking history and recognized globally as definitive change enacted in Microfinance:

1st Bank - Branchless Banking License in Pakistan 2008 from the State Bank of Pakistan.

1st Bank to launch Community Banking Micro Franchising on GPRS Transaction Networks in Pakistan. Started on Bhit Island Karachi and Spread throughout Pakistan.

1st Bank in Pakistan, to Partner with Telenor. One of the Worlds Largest Telecom Provider and a Norwegian Legacy. To provide Base-of-Pyramid Banking to Mass Populations in Pakistan, for Public Sector Change through Mobil.

1st Bank to launch Finger Print ATM’s Locally Manufactured

1st Bank offering 24 Hour, Full Branch Operations. March 2009 at Karachi Fisheries to accommodate the 24 Hrs. Fishing Trade

1st Bank to declare a journey towards Triple Bottom Line (3BL), Community Relationship System in Un-banked Markets in Pakistan.

1st Bank Upfront profit on Deposits. Since 2005

1st Private Bank to offer Loan against Emergency in 2 Hours

In the Press: www.cnn.com/2010/TECH/01/14/mobile.phone.banking/

Branches

101 Branches, Community Centers and Sales Centers are operating nationwide, as well as 4499 Mobile Banking Outlets with the brand name "easy paisa"

Board of directors

Board of Directors
Mr. Jon Eddy Abdullah Director/Chairman
Mr. Nadeem Hussain President & C.E.O/Director
Mr. Lars Christian Iuel Director
Mr. Roar Bjaerum Director
Mr. Syed Akbar Zaidi Director
Mr. Zahid Razzak Director
Mr. Karl Eric Broten Director

Company Secretary
Mr. Kabeer Naqvi

Human Resource Management &
Planning Committee

Mr. Roar Bjaerum Chairperson of the Committee
Mr. Nadeem Hussain Member

Branchless Banking Committee
Mr. Nadeem Hussain Chairperson of the Committee
Mr. Roar Bjaerum Member

Audit Committee
Mr. Karl Eric Broten Chairperson of the Audit Committee
Mr. Akbar Zaidi Member

Auditors
KPMG Taseer Hadi & Co. Chartered Accountants

Legal Advisors
Mandviwalla & Zafar

Registered Office
Tameer Microfinance Bank Limited
15-A Block 7-8, Central Commercial Area, K.C.H.S. Union, Karachi - 75350, Pakistan
Website: http://www.tameerbank.com

Management team

Nadeem Hussain
President & CEO

Ali Abbas Sikander
Group Executive Director - Technology & Operations

Shahid Mustafa
Group Executive Director - Product & Risk Management

Tariq Mohar
Group Executive Director - Sales, Distribution & Business Support

Tazeen Adnan
Group Executive Director - Human Resources

Kabeer Naqvi
Chief Financial Officer & Financial Controller

Shyam Lal
Head of Internal Audit

Adnan Hassan
Director Infrastructure IT

Asghar Ali
Director Administration & Business Support Punjab

Babar Yousuf
Director - Head of Marketing & Development

Jouhar Naqvi
Business Head Sind

Kashif Sabzwari
Head of Operations North

Muhammad Aslam
Director Administration & Business Support Sind

Tariq Anwar
Business Head Punjab

Tayyab Khan
Head of Operations South

External links

The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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