First MicroFinance Bank (Pakistan)

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For other banks with a similar name, see First Bank (disambiguation).
HBL Microfinance Bank (HBL MFB)
IndustryMicrofinance Banking
Founded2002; 20 years ago (2002)
HeadquartersIslamabad, Pakistan
Websitewww.hblmfb.com

HBL Microfinance Bank Ltd, Pakistan[1] (HBL MFB)[2] is a Pakistan's third largest microfinance bank in terms of the value of savings, headquartered in Islamabad, Pakistan. HBL MFB operates over 150 branches located all over the country covering sixty-six districts. It is one of the oldest microfinance banks in Pakistan.[3][4] Its roots lies in the credit and saving programmes of the Agha Khan Rural Support Program. The bank offers a suite of digital products for its customers.[5]

History[]

FMFB was established in 2002.[2] FMFB-P was created through a structured transformation of the credit and savings section of the Aga Khan Rural Support Programme’s (AKRSP), an integrated development program to pioneer the microfinance sector in the country since 1982 in Gilgit-Baltistan and Chitral.[3][4]

Major Shareholding[]

In May 2016, Habib Bank Limited acquired a 51 percent majority stake in the bank.[3][6][7][8][1]

Major Shareholding[9]
Shareholding Percent Stake
Habib Bank Limited (HBL) 71.43%
Aga Khan Agency for Microfinance (AKAM) 17.15%
Aga Khan Rural Support Programme (AKRSP) 6.34%
Japan International Cooperation Agency (JICA) 5.07%

See also[]

References[]

  1. ^ "Shareholders | HBL Microfinance Bank Ltd". Archived from the original on 2019-12-18.
  2. ^ a b "About FMFB | HBL Microfinance Bank Ltd". Archived from the original on 2019-12-13.
  3. ^ a b c Reporter, The Newspaper's Staff (May 26, 2016). "Habib Bank acquires 71.43pc FMFB shares". DAWN.COM.
  4. ^ a b Reporter, The Newspaper's Staff (2016-05-26). "Habib Bank acquires 51pc FMFB shares". DAWN.COM. Retrieved 2021-05-11.
  5. ^ "HBL Microfinance Bank Ltd. Digital Channels". 14 Jan 2022.{{cite web}}: CS1 maint: url-status (link)
  6. ^ "Shareholders | The First MicroFinanceBank Ltd". Archived from the original on 2019-12-18.
  7. ^ "HBL enters microfinance banking segment". The Express Tribune. 2016-05-26. Retrieved 2021-11-04.
  8. ^ "HBL acquires 51pc shares in First MicroFinance Bank". www.thenews.com.pk. Retrieved 2021-11-04.
  9. ^ "HBL eyes Silkbank after Fauji Foundation loses interest". Profit by Pakistan Today. 2021-04-08. Retrieved 2021-04-10.


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