AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, February 19, 2018 (PPI-OT): Khushhali Microfinance Bank Limited (KMBL) posted its financial results for the year 2017 on 14 February 2018 in Islamabad, posting appreciable growth in bottom line, accompanied with a dividend of Rs 0.53/share. KMBL’s pre-tax profit of PKR 2.49 billion increased by 40% against last year’s profit of PKR 1.78 billion. The increase in profit results from continued growth in balance sheet and improved non-fund income.
The Bank maintains the largest network of 173 outlets and enjoys the largest market share in terms of loan portfolio, deposits and asset base in the micro-finance sector. Compared to last year, portfolio quality indicators also improved, with growth in loan book of 40% primarily led by the agriculture sector lending. The Bank deposits expanded appreciably by over 100% as compared to last year and a strong built up was seen in urban operations.
KMBL is majority owned by a consortium of investors including one of Pakistan’s largest commercial banks (UBL), and Blue Chip international investors with expertise in the Micro, Small and Medium Enterprise finance.
For more information, contact:
Head Office,
Khushhali Microfinance Bank Limited (KMBL)
55-C, 5th Floor, U-Fone Tower, Jinnah Avenue,
Blue Area, Islamabad, Pakistan
Tel: +92-51-111-092-092
Fax: +92-51-9245120
Call Centre: +92-21-111-222-525
Website: www.khushhalibank.com.pk