APNA Microfinance Bank gets new chairman

Lahore: The Board of Directors (BoD) of Apna Micro Finance Bank has elected Mian M. A. Shahid as Chairman of the bank.

Shahid has already been serving as Chairman of the United International Group (UIG).

The board of directors appreciated his services and hoped that the new chairman will work hard for making organisation profitable and respected entity.

Mian Shahid expressed full confidence in the economy which he said is doing well despite hurdles.

He said that 56 per cent of the adult population has no access to formal financial services while only 10 per cent of SMEs are served by banks resulting in socio-economic disparities.

Low-income groups remain deprived of proper financial services which is impeding their development, he said