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The shareholders of Khushhali Microfinance Bank in its 10th Annual general meeting held on 28 March 2017 in Islamabad announced annual operating results of the Bank. Khushhali Microfinance Bank’s pre-tax profit of PKR 1.8billion increased by 50% against last year’s profit of PKR 1.2billion. The increase in profit results from continued growth in balance sheet and improved non-fund income.
The Bank maintains the largest network of 141 branches / service centers and enjoys the largest market share in terms of gross loan portfolio in the micro-finance sector. Portfolio quality indicators of the bank remained intact, with growth in loan book primarily led by the agriculture sector lending.
Khushhali Microfinance Bank is majority owned by a consortium of investors including one of Pakistan’s largest banks (UBL), and Blue Chip international investors with expertise in the Micro, Small & Medium Enterprise finance.