HBL Microfinance Bank

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HBL Microfinance Bank

Company type	Unlisted public company
Industry	Microfinance
Founded	2002; 22 years ago (2002)
Key people	Rayomond Kotwal (chairman) Muhammad Amir Khan (CEO)
Revenue	Rs. 35.491 billion (US$120 million) (2023)
Net income	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.com
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

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]

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

^ "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]}

v t e Habib Bank Limited
People	Kassim Parekh Sultan Ali Allana Aga Khan IV Muhammad Aurangzeb
Subsidaries	HBL Microfinance Bank
Sports	Habib Bank Limited cricket team HBL F.C.
Buildings	Habib Bank Plaza
Former	Himalayan Bank

Banking in Pakistan

Central bank

State Bank of Pakistan

Big Four

Commercial banking

Public sector	Bank of AJK Bank of Khyber Bank of Punjab First Women Bank Industrial Development Bank Karakoram Cooperative Bank Punjab Provincial Cooperative Bank Limited Sindh Bank Zarai Taraqiati Bank Limited
Private sector	Allied Bank Askari Bank Bank AL Habib Bank Alfalah HabibMetro JS Bank Soneri Bank Standard Chartered Pakistan

Microfinance

Islamic banking

House building

House Building Finance Company

Savings Bank

National Savings Organization

Foreign banks

Defunct banks

v t e Aga Khan Fund for Economic Development
People	Aga Khan IV (founder) Amyn Aga Khan
Finance	Diamond Trust Bank Group Tanzania Uganda DCB Bank Habib Bank Limited HBL Microfinance Bank First Microfinance Bank Afghanistan Tajikistan IPDC Finance Jubilee Insurance Pakistan
Media	Nation Media Group The EastAfrican Daily Nation Business Daily Africa Daily Monitor Taifa Leo Mwananchi Communications
Telecom	Roshan Tcell
Hospitality	Serena Hotels