HBL Microfinance Bank Ltd, Pakistan (HBL MfB) is the largest microfinance bank of

Pakistan Pakistan ( ur, ), officially the Islamic Republic of Pakistan ( ur, , label=none), is a country in South Asia. It is the world's fifth-most populous country, with a population of almost 243 million people, and has the world's second-lar ...

, headquartered in the country’s capital,

Islamabad Islamabad (; ur, , ) is the capital city of Pakistan. It is the country's ninth-most populous city, with a population of over 1.2 million people, and is federally administered by the Pakistani government as part of the Islamabad Capital ...

. HBL MfB operates over 200 locations all over Pakistan. It is one of the oldest microfinance bank in the country with its roots in the credit and saving section of the Agha Khan Rural Support Program (AKRSP). The Bank offers a suite of conventional and digital banking products for its customers.

History

HBL Microfinance Bank (HBL MfB), formerly The First MicroFinanceBank Ltd, Pakistan (FMFB-P), was established in 2002 as a nation-wide microfinance bank, licensed by the

State Bank of Pakistan The State Bank of Pakistan (SBP) ( ur, ) is the Central Bank of Pakistan. Its Constitution, as originally laid down in the State Bank of Pakistan Order 1948, remained basically unchanged until 1 January 1974, when the bank was Nationalized and ...

. HBL MfB was created through a structured transformation of the credit and savings section of the

Aga Khan Rural Support Programme The Aga Khan Rural Support Programme (AKRSP) is a private, non profit organization, established by the Aga Khan Foundation in 1982 to help improve the quality of life of the villagers of Gilgit-Baltistan and Chitral. It is a Non Governmental Organiz ...

(AKRSP), an integrated development programme to pioneer the microfinance sector in the country since 1982 in Gilgit-Baltistan and Chitral. HBL MfB was established with the mission to respond to poverty and contributes to the social and economic well-being of society by providing opportunities to thousands of under-privileged households. Through targeted financial and multi-sectoral products and services based on the evolving needs of the unbanked and disenfranchised segments of the society, HBL MfB enables its clients to strengthen their entrepreneurial base and build financial, physical, and human capital to secure their future. Currently, HBL has a majority share-holding of 76.42% in HBL MfB.

Major Shareholding

HBL has a majority stake in the bank.

References

Pakistani subsidiaries of foreign companies Aga Khan Development Network Microfinance companies of Asia Banks established in 2002 Microfinance banks in Pakistan Companies based in Islamabad {{asia-bank-stub