Karachi: In its latest board meeting, Apna Microfinance Bank Limited (AMBL) announced the appointment of a new President and CEO, following a comprehensive review of qualified candidates. The decision was made during the 120th meeting held on September 30, 2024.

The Board of Directors has conducted an extensive assessment of potential leaders and selected a candidate whose credentials are now pending approval from the State Bank of Pakistan (SBP). Once the SBP approves, all necessary regulatory authorities will be notified, as stipulated by the board's directive.

According to information available from the Pakistan Stock Exchange (PSX), the selected candidate’s Financial Profile Test (FPT) will be shared with the SBP for further review. The successful appointment is expected to steer the bank towards achieving its strategic goals and enhance its operational capabilities.

Further details about the appointment process, including the identity of the new President and CEO, will be disclosed to the TIRE Certificate Holders of the Exchange following the approval from SBP. This move aligns with the bank's compliance with regulatory standards and its commitment to transparency in leadership transitions.