HBL Microfinance Bank
(Redirected from First MicroFinance Bank (Pakistan))
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| Company type | Unlisted public company |
|---|---|
| Industry | Microfinance |
| Founded | 2002 |
Key people | |
| Revenue |  Rs. 35.491 billion (US$120 million) (2023) |
 Rs. 451.249 million (US$1.6 million) (2023) | |
| Total assets | Rs. 157.478 billion (US$550 million) (2023) |
| Total equity | Rs. 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 |
| Footnotes / references Financials as of 31 December 2023[update] [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
[edit]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
[edit]HBL has a majority stake in the bank.[6]
| 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
[edit]- ^ "HBL Annual Report 2023" (PDF). hbl.com. Retrieved 25 March 2024.
- ^ "Shareholders | HBL Microfinance Bank Ltd". Archived from the original on 2019-12-18.
- ^ "About FMFB | HBL Microfinance Bank Ltd". Archived from the original on 2019-12-13.
- ^ Reporter, The Newspaper's Staff (2016-05-26). "Habib Bank acquires 51pc FMFB shares". DAWN.COM. Retrieved 2021-05-11.
- ^ "Aga Khan meets Musharraf". DAWN.COM. March 11, 2002.
- ^ "HBL Microfinance Bank Annual Report 2022" (PDF). www.hblmfb.com. 31 December 2022. Retrieved 22 November 2023.[permanent dead link]
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