BrandWikiReturn

HBL Microfinance Bank

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) 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]

References

  1. HBL Annual Report 2023 hbl.com, retrieved 25 March 2024^
  2. Shareholders^
  3. About FMFB^
  4. The Newspaper's Staff Reporter. Habib Bank acquires 51pc FMFB shares DAWN.COM, 2016-05-26, retrieved 2021-05-11^
  5. Aga Khan meets Musharraf DAWN.COM, March 11, 2002^
  6. HBL Microfinance Bank Annual Report 2022 www.hblmfb.com, 31 December 2022, retrieved 22 November 2023^