Nazish Ali Appointed Acting President of Apna Bank

Apna Micro Finance Bank Limited has officially appointed Nazish Ali as its Acting President and CEO, effective November 30, 2024. This development, shared with the Pakistan Stock Exchange – PSX on Monday, marks a significant milestone for the institution. The decision was approved by the State Bank of Pakistan (SBP), as conveyed in a correspondence dated January 24, 2025.

The bank expressed satisfaction over the State Bank’s endorsement, stating, “We are pleased to inform you that Mr. Nazish Ali was appointed as Acting President/CEO of Apna Microfinance Bank Limited effective from November 30, 2024. This appointment was pursuant to the clearance of the State Bank of Pakistan.” The announcement highlights the leadership transition’s seamless alignment with regulatory requirements.

Founded on May 8, 2003, under the Companies Ordinance, 1984, now replaced by the Companies Act, 2017, Apna Microfinance Bank has steadfastly championed financial inclusion. Commencing business operations on January 1, 2005, the institution has remained committed to offering microfinance services tailored to marginalized and underserved communities, in line with the Microfinance Institutions Ordinance, 2001.