HBL Microfinance Bank

For other banks with a similar name, see First Bank (disambiguation).

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).

HBL Microfinance Bank

Company type	Unlisted public company
Industry	Microfinance
Founded	2002; 23 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]

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%