HBL Microfinance Bank explained

HBL Microfinance Bank
Type:Unlisted public company
Industry:Microfinance
Key People:
Revenue Year:2023
Net Income Year:2023
Equity Year:2023
Assets Year:2023
Num Employees:3,724
Num Employees Year:2022
Owner:Habib Bank Limited (79.92%)
Parent:Habib Bank Limited
Footnotes:Financials [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).

History

HBL Microfinance Bank (HBL MfB), formerly The First MicroFinanceBank Ltd, Pakistan (FMFB-P), was established in 2002 as a nation-wide microfinance bank, licensed by the State Bank of Pakistan. HBL MfB was created through a structured transformation of the credit and savings section of the Aga Khan Rural Support Programme (AKRSP), an development programme active in Gilgit-Baltistan and Chitral.

Major Shareholding

HBL has a majority stake in the bank.[5]

Major Shareholding!Shareholding!Percent 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%

Notes and References

  1. Web site: HBL Annual Report 2023. hbl.com. 25 March 2024.
  2. Web site: Shareholders HBL Microfinance Bank Ltd . dead . https://web.archive.org/web/20191218023811/https://www.hblmfb.com/about-us/shareholders/ . 2019-12-18.
  3. Web site: About FMFB HBL Microfinance Bank Ltd . dead . https://web.archive.org/web/20191213114756/https://www.hblmfb.com/about-us/ . 2019-12-13.
  4. Web site: Reporter . The Newspaper's Staff . 2016-05-26 . Habib Bank acquires 51pc FMFB shares . 2021-05-11 . DAWN.COM . en.
  5. Web site: 31 December 2022 . HBL Microfinance Bank Annual Report 2022 . 22 November 2023 . www.hblmfb.com .