Khushhali Microfinance Bank Explained

Khushhali Microfinance Bank
Type:Unlisted public company
Founder:Government of Pakistan
Location:Islamabad, Pakistan
Key People:Aameer Karachiwalla (President/CEO)
Industry:Microfinance
Revenue Year:2023
Net Income Year:2023
Equity Year:2023
Assets Year:2023
Owner:United Bank Limited (27.82%)
Footnotes:Financials [1]

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

History

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

External links

Notes and References

  1. Web site: UBL Annual Report 2023. UBLDigital. 26 March 2024.
  2. Web site: Khushhali bank to force convert its hybrid debt into equity. But is it fair?. @2paisay, Mariam Umar. Farooq. May 28, 2023. Profit by Pakistan Today.
  3. Web site: Microfinance Banks on the verge of crisis?. Ahtasam. Ahmad. July 17, 2022. Profit by Pakistan Today.
  4. Web site: Khushhali Bank to open 10 new branches . The Express Tribune. 8 March 2017.