HBL Microfinance Bank
Bank in Pakistan
From Wikipedia, the free encyclopedia
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).
 | |
| Company type | Unlisted public company |
|---|---|
| Industry | Microfinance |
| Founded | 2002 |
Key people | |
| Revenue |  Rs. 35.491 billion (US$130 million) (2023) |
 Rs. 451.249 million (US$1.6 million) (2023) | |
| Total assets | Rs. 157.478 billion (US$560 million) (2023) |
| Total equity | Rs. 14.217 billion (US$51 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] | |
History
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
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% |
