Skip to main content

LAUNCH OF BOP E-BUSINESS QARZA SCHEME

                                                         


The Bank of Punjab (BOP) held the launch Ceremony of BOP e-Business Qarza for SMEs today at BOP’s Head office, in Lahore. BOP e-Business Qarza is an End to End (E2E) Digital Lending Program for Existing BOP customers. Via this digital product, BOP aims to offer a Revolving Collateral Free credit facility up to Rs. 3,500,000/- to its customers. This program is based on Artificial Intelligence (AI) and decision is made on the basis of a Digital Scorecard. This program is in line with the State Bank of Pakistan’s (SBP) vision to use relevant cash flow estimation techniques and other proxies to assess repayment capacity of SME Borrowers. This unique proposition is an addition to our SME Products Suite, which has not only set new industry standards but is also expected to help our small enterprises to meet their immediate financial needs without any hassle. 

Mr. Zafar Masud, President & CEO of BOP emphasized that the banking industry should come forward with products focusing on ease of finance for SMEs who usually suffer a lot on this front. He added that such initiatives would help lead towards socio economic uplift of SMEs particularly our small enterprises. He also said that BOP has recently won the PBA’s prestigious award for “The Best Bank for Small and Medium Businesses” which is a result of our bank’s overall SME strategy and effort towards Financial Inclusion by way of efficient utilization of modern day tools.  He appreciated the team for their efforts and making BOP a lead bank in offering such Digital Program. He also added that BOP fully committed and shall actively contribute towards achievement of the desired results. 

Other senior members of management were also present on the occasion and extended their heartiest congratulations to the Team on achieving this important milestone.

Comments

Post a Comment

Popular posts from this blog

ACCA gathers business leaders in Faisalabad to enhance accountants' role in boosting Pakistan's economic development

                                              ACCA (the Association of Chartered Certified Accountants) hosted a large-scale corporate conference here in Faisalabad today on the theme ‘Being Bold: Shaping a Sustainable Future in Uncertain Times’ featuring the country’s top business and thought leaders and policymakers.   This ground-breaking event brought together thought leaders, experts, and professionals from diverse sectors to discuss and deliberate on crucial topics surrounding Sustainability, Ethics, Leadership, Future-Ready Talent, and Digital Transformation.                        .   The conference was attended by many prominent names in the corporate sector, as well as leading policymakers and members of the provincial cabinet.   Prominent s...
Post a Comment
Read more

Free Fire unveils new logo ahead of its planned brand refresh in July

   ●          The new Free Fire logo gives players and fans a preview of what to expect during its brand refresh in July. ●          Free Fire’s dynamic new look will excite its global community and give them a game they can continue to resonate and grow with over time.  Garena has unveiled Free Fire’s new logo, ahead of its official brand refresh this July. The new Free Fire logo will retain key details fans and players are familiar with - the iconic Free Fire knife - while also evoking a more modern and dynamic look that matches the energy of Free Fire’s evolving global community. Refreshed logo inspired by Free Fire community Building on Free Fire’s first-ever global brand campaign last year, the new logo reflects and strengthens the game’s distinct  Battle in Style  identity, echoing the stylish, youthful and free-spirited nature of players and fans. “Our global community has alw...
Post a Comment
Read more

ACCA gathers business leaders in Multan to enhance accountants role in boosting Pakistan's economic development

                                                ACCA (the Association of Chartered Certified Accountants) hosted a large-scale corporate conference here in Multan today on the theme ‘Being Bold: Shaping a Sustainable Future in Uncertain Times’ featuring country’s top business and thought leaders and policy makers.   This groundbreaking event brought together thought leaders, experts, and professionals from diverse sectors to discuss and deliberate on crucial topics surrounding Sustainability, Ethics, Leadership, Future-Ready Talent, and Digital Transformation.                        .   The conference was attended by many prominent names in the corporate sector, as well as leading policy makers and the members of the provincial cabinet.   Promine...
Post a Comment
Read more