Tameer Microfinance Bank Limited
Encyclopedia
Tameer Microfinance Bank Limited was established in Karachi
, Pakistan
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
, 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/
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
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
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 DirectorsMr. 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 HussainPresident & 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