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Khushhali Microfinance Bank

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Khushhali Microfinance Bank
Company typeUnlisted public company
IndustryMicrofinance
Founded2000; 24 years ago (2000)
FounderGovernment of Pakistan
HeadquartersIslamabad, Pakistan
Key people
Aameer Karachiwalla (President/CEO)
Products
  • Loans
  • Savings
  • Consumer Banking
RevenueDecrease Rs. 6.358 billion (US$22 million) (2023)
Decrease Rs. −5.957 billion (US$−21 million) (2023)
Total assetsDecrease Rs. 115.121 billion (US$400 million) (2023)
Total equityDecrease Rs. 3.716 billion (US$13 million) (2023)
OwnerUnited Bank Limited (27.82%)
Websitekhushhalibank.com.pk
Footnotes / references
Financials as of 31 December 2023 [1]

Khushhali Bank Limited is a Pakistani microfinance bank headquartered in Islamabad.[2] It is the largest microfinance lender in Pakistan.[3]

History

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It was founded in 2000 by the Government of Pakistan and was developed with the funding from the Asian Development Bank.[4]

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References

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  1. ^ "UBL Annual Report 2023" (PDF). UBLDigital. Retrieved 26 March 2024.
  2. ^ Farooq, @2paisay, Mariam Umar (May 28, 2023). "Khushhali bank to force convert its hybrid debt into equity. But is it fair?". Profit by Pakistan Today.{{cite web}}: CS1 maint: multiple names: authors list (link) CS1 maint: numeric names: authors list (link)
  3. ^ Ahmad, Ahtasam (July 17, 2022). "Microfinance Banks on the verge of crisis?". Profit by Pakistan Today.
  4. ^ "Khushhali Bank to open 10 new branches". The Express Tribune. 8 March 2017.