Dubai-based Mashreq has achieved a significant milestone by successfully incorporating itself in Pakistan. This move underscores the financial institution’s strategic expansion efforts and its unwavering commitment to fostering digitization and financial inclusion within rapidly growing markets.
A high-level delegation from Mashreq, including senior executives from the company’s executive committee, recently visited Pakistan to strengthen relationships and explore collaboration opportunities that mark this momentous achievement. The bank’s independent board members, Syed Naseer Hassan and Rashid Khan, also joined the delegation.
Fernando Morillo, the Group Head of Retail Banking at Mashreq, expressed the significance of this expansion, stating, “Our entry into Pakistan represents a pivotal moment for Mashreq, opening a new chapter in our strategic expansion. We eagerly anticipate collaborating with local stakeholders and contributing to the development of a robust digital ecosystem that will revolutionize Pakistan’s financial landscape. We are committed to playing a vital role in the country’s digitalization efforts and financial development, with a particular focus on SMEs, payments, and inclusion. Leveraging our bank’s tech-ready infrastructure and digital expertise, we aim to empower customers, meet their evolving needs, deliver seamless banking experiences, and support the country’s vision of a financially inclusive, digitally driven economy.”
Mashreq has already established a Centre of Excellence (CoE) in Pakistan, offering a range of innovative products. Building on its successful incorporation, the bank is confident that its presence in Pakistan will lay the foundation for productive partnerships benefiting consumers, businesses, and the overall economy.
The bank’s commitment extends to nurturing local talent and expertise to drive the country’s growth. By cultivating a digital ecosystem supported by robust infrastructure and institutional frameworks, Mashreq aims to propel Pakistan toward a future marked by digital innovation and financial inclusivity.
Mashreq’s strategic move into Pakistan not only strengthens its footprint in the region but also reinforces its dedication to supporting economic development and digital transformation in high-growth markets. This expansion aligns with the bank’s vision of being at the forefront of financial innovation and inclusion across the MENA region.
