HBL Microfinance Bank

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For other banks with a similar name, see First Bank (disambiguation).
HBL Microfinance Bank
Company typeUnlisted public company
IndustryMicrofinance
Founded2002; 24 years ago (2002)
Key people
RevenueIncrease Rs. 35.491 billion (US$120 million) (2023)
Decrease Rs. 451.249 million (US$1.6 million) (2023)
Total assetsIncrease Rs. 157.478 billion (US$550 million) (2023)
Total equityIncrease Rs. 14.217 billion (US$49 million) (2023)
OwnerHabib Bank Limited (79.92%)
Number of employees
3,724 (2022)
ParentHabib Bank Limited
Websitehblmfb.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).

History

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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

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

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%

References

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