Statement by Telenor Microfinance Bank Limited

News Desk

Telenor, the Norwegian telecoms company, has agreed to sell its telecoms operations in Pakistan to Pakistan Telecommunications, the state-owned telecoms group.

Telenor Microfinance Bank Limited is not affected.

In response to recent news about Telenor Pakistan's sale, we want to assure our valued customers that our operations remain unaffected. Telenor Microfinance Bank (TMB) and its flagship platform, easypaisa is not part of this transaction. Your deposits are completely secure, and this development will not [affect] them in any way.

Telenor Microfinance Bank (TMB) & easypaisa is an independent financial institution, licensed and governed by the State Bank of Pakistan (SBP). We are a joint venture between Telenor B.V. and Ant Group, who are committed shareholders, dedicated to the Bank's ongoing transformation from a Microfinance Bank to a Digital Retail Bank, subject to regulatory approvals.

We urge our customers to disregard any unsubstantiated rumours and continue to trust in our commitment to maintaining the highest standards of service and security. Your confidence is valued, and our operations will continue seamlessly. We remain committed to working towards our mission of a financially inclusive, digital Pakistan.

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