November 23, 2014 11:01 PM ET

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Company Overview of Tameer Microfinance Bank Limited

Company Overview

Tameer Microfinance Bank Limited operates as a commercial microfinance bank. The company provides micro mortgage for crop and trade financing; business and emergency loans; micro leasing; term deposit accounts; micro savings; and group loans to men and women in urban and rural areas. It serves low-income, salaried, self-employed, and micro entrepreneurs. The company was incorporated in 2005 and is based in Karachi, Pakistan. Tameer Microfinance Bank Limited operates as a subsidiary of Telenor Pakistan Ltd.

15-A Block 7-8 Central Commercial Area

K.C.H.S Union

Karachi,  75350

Pakistan

Founded in 2005

Phone:

92 21 111 826 337

Fax:

92 21 432 5575

Key Executives for Tameer Microfinance Bank Limited

Chief Executive Officer
Group Executive Director of Tecnology and Operations
Group Executive Director of Product and Risk Management
Business Head of Punjab
Business Head of Sind
Compensation as of Fiscal Year 2014.

Tameer Microfinance Bank Limited Key Developments

Tameer Microfinance Bank Limited Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Tameer Microfinance Bank Limited announced unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported mark-up/return/interest earned of PKR 756,397,000 compared to PKR 660,751,000 a year ago. Net mark-up/return/interest income was PKR 562,418,000 compared to PKR 404,726,000 a year ago. Profit before taxation was PKR 225,637,000 compared to PKR 176,515,000 a year ago. Profit after taxation was PKR 148,827,000 or PKR 1.10 per basic and diluted share compared to PKR 167,443,000 or PKR 1.24 per basic and diluted share a year ago. For the nine months, the company reported mark-up/return/interest earned of PKR 2,167,629,000 compared to PKR 1,832,628,000 a year ago. Net mark-up/return/interest income was PKR 1,588,825,000 compared to PKR 1,030,504,000 a year ago. Profit before taxation was PKR 703,288,000 compared to PKR 394,641,000 a year ago. Profit after taxation was PKR 459,200,000 or PKR 3.41 per basic and diluted share compared to PKR 305,228,000 or PKR 2.27 per basic and diluted share a year ago. Net cash flow from operating activities of PKR 2,355,986,000 compared to net cash used in operating activities of PKR 194,925,000 a year ago.

Tameer Microfinance Bank Limited, Board Meeting, Oct 30, 2014

Tameer Microfinance Bank Limited, Board Meeting, Oct 30, 2014., at 14:30 Pakistan Standard Time. Agenda: To consider unaudited earnings results for the third quarter and nine months ended September 30, 2014.

Tameer Microfinance Bank Limited Announces Unaudited Earnings Results for the Second Quarter and Half Year Ended June 30, 2014

Tameer Microfinance Bank Limited announced unaudited earnings results for the second quarter and half year ended June 30, 2014. For the second quarter, the company reported profit before taxation was PKR 261,913,000 compared with PKR 113,190,000 a year ago. Profit after taxation was PKR 167,986,000 compared with PKR 69,575,000 a year ago. Basic and diluted earnings per share were PKR 1.25 compared with PKR 0.52 a year ago. For the half year, the company reported profit before taxation was PKR 477,651,000 compared with PKR 218,128,000 a year ago. Profit after taxation was PKR 310,373,000 compared with PKR 137,785,000 a year ago. Basic and diluted earnings per share were PKR 2.30 compared with PKR 1.02 a year ago.

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