Khushhali Microfinance Bank

Last updated
Khushhali Microfinance Bank
Type Unlisted public company
Industry Microfinance
Founded2000;26 years ago (2000)
Founder Government of Pakistan
Headquarters Islamabad, Pakistan
Key peopleAameer Karachiwalla (President/CEO)
Products
  • Loans
  • Savings
  • Consumer Banking
RevenueDecrease2.svgRs. 6.358 billion (US$23 million) (2023)
Decrease2.svgRs. −5.957 billion (US$−21 million) (2023)
Total assets Decrease2.svgRs. 115.121 billion (US$410 million) (2023)
Total equity Decrease2.svgRs. 3.716 billion (US$13 million) (2023)
Owner United Bank Limited (27.82%)
Website khushhalibank.com.pk
Footnotes
Financials as of 31 December 2023 [1]

Khushhali Bank Limited is a Pakistani microfinance bank headquartered in Islamabad. [2] It is the largest microfinance lender in Pakistan. [3]

Contents

History

Khushhali Bank was founded in 2000 by the Government of Pakistan and was developed with the funding from the Asian Development Bank. [4]

In 2024, Federal Ombudsman Secretariat for Protection Against Harassment (FOSPAH) ruled against the bank and a number of its employees, in a harassment case filed by a female employee of the bank. [5]

References

  1. ↑ "UBL Annual Report 2023" (PDF). UBLDigital. Retrieved 26 March 2024.
  2. ↑ Farooq, @2paisay, Mariam Umar (May 28, 2023). "Khushhali bank to force convert its hybrid debt into equity. But is it fair?". Profit by Pakistan Today.{{cite web}}: CS1 maint: multiple names: authors list (link) CS1 maint: numeric names: authors list (link)
  3. ↑ Ahmad, Ahtasam (July 17, 2022). "Microfinance Banks on the verge of crisis?". Profit by Pakistan Today.
  4. ↑ "Khushhali Bank to open 10 new branches". The Express Tribune. 8 March 2017.
  5. ↑ "خوشحالی مائیکروفنانس بینک میں ہراسانی سے متاثرہ خاتون کے حق میں فیصلہ، بینک اور عملے کے ارکان پر 95 لاکھ روپے جرمانہ". BBC Urdu. 15 November 2024.
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