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Home Sector Banking & Finance

Karakorum Co-Operative Bank Gilgit, will introduce new startup and MSME products at Affordable rates

14 April 2021
in Banking & Finance
Reading Time: 1 min read

Waqar Abbas Mondoq, Chairman of the Credit, Risk, and Enforcement Board, has formally approved three major bank policies as part of the bank’s move to modernize. According to the chairman, Gilgit Baltistan has enormous potential in sectors such as tourism, agriculture-based startups, and service industry.

The bank will begin providing patient capital and venture funding in order to strengthen Gilgit Baltistan’s entrepreneurial ecosystem. Karakorum Cooperative Bank is the largest GB-owned bank in Gilgit Baltistan, with branches in virtually every district.

The bank adopted the first structured policies and processes in its history under the new chairman to ensure the bank’s quality reforms.

Source: Karakorum Co-Operative Bank

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