HBL Microfinance Bank

Last updated
HBL Microfinance Bank
Company type Unlisted public company
Industry Microfinance
Founded2002;23 years ago (2002)
Key people
RevenueIncrease2.svgRs. 35.491 billion (US$120 million) (2023)
Decrease2.svgRs. 451.249 million (US$1.6 million) (2023)
Total assets Increase2.svgRs. 157.478 billion (US$550 million) (2023)
Total equity Increase2.svgRs. 14.217 billion (US$49 million) (2023)
Owner Habib Bank Limited (79.92%)
Number of employees
3,724 (2022)
Parent Habib Bank Limited
Website hblmfb.com
Footnotes /references
Financials as of 31 December 2023 [1]

HBL Microfinance Bank Ltd (HBL MfB) is a Pakistani microfinance bank headquartered in Islamabad. [2] [3] HBL MfB operates over 200 locations all over Pakistan. It is one of the oldest microfinance bank in the country [4] with its roots in the credit and saving section of the Agha Khan Rural Support Program (AKRSP).

Contents

History

HBL Microfinance Bank (HBL MfB) was founded as The First MicroFinanceBank Ltd, Pakistan (FMFB-P) in 2002. [5] It was created through a structured transformation of the credit and savings section of the Aga Khan Rural Support Programme (AKRSP), a development programme active in Gilgit-Baltistan and Chitral.

Major Shareholding

HBL has a majority stake in the bank. [6]

Major Shareholding
ShareholdingPercent Stake
Habib Bank Limited (HBL)76.42%
Aga Khan Agency for Microfinance (AKAM)14.16%
Aga Khan Rural Support Programme (AKRSP)5.23%
Japan International Cooperation Agency (JICA)4.19%

References

  1. ↑ "HBL Annual Report 2023" (PDF). hbl.com. Retrieved 25 March 2024.
  2. ↑ "Shareholders | HBL Microfinance Bank Ltd". Archived from the original on 2019-12-18.
  3. ↑ "About FMFB | HBL Microfinance Bank Ltd". Archived from the original on 2019-12-13.
  4. ↑ Reporter, The Newspaper's Staff (2016-05-26). "Habib Bank acquires 51pc FMFB shares". DAWN.COM. Retrieved 2021-05-11.
  5. ↑ "Aga Khan meets Musharraf". DAWN.COM. March 11, 2002.
  6. ↑ "HBL Microfinance Bank Annual Report 2022" (PDF). www.hblmfb.com. 31 December 2022. Retrieved 22 November 2023.[ permanent dead link ]


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