CEO & President of HBL Microfinance Bank receives Best
Microfinance Bank Award
In a significant recognition, HBL Microfinance Bank (HBL
MfB) has been honored with the 'Best Microfinance Bank' award for the second
consecutive year at the Pakistan Banking Awards, hosted by the Institute of
Bankers Pakistan (IBP).
This accolade highlights the bank's unwavering commitment to
addressing poverty and contributing to the social and economic well-being of
the Pakistani population through its innovative suite of digitally-enabled
products. Over its more than two-decade journey, HBL MfB has transformed from
its modest beginnings in Gilgit to being recognized as the Best Microfinance
Bank in Pakistan, earning awards in both 2022 and 2023.
HBL
Microfinance Bank's CEO joins Male Champions of Change Pakistan
As the leading microfinance institution in the country, HBL
MfB plays a pivotal role in the financial empowerment of Pakistan by providing
cutting-edge financial solutions. In 2022, the bank significantly expanded its
lending portfolio, witnessing a growth of nearly 50% to reach Rs. 88 billion,
and its deposits increased by 27% to Rs. 116 billion.
The bank's strength lies in the trust of over 3 million
customers. With a nationwide presence of 217 locations and multiple awards, HBL
MfB is at the forefront of the microfinance sector.
HBL
exhibits remarkable financial performance in first three quarters
Acknowledging its well-deserved reputation for resilience,
stability, and strength, HBL Microfinance Bank recognizes that the journey is
ongoing. With steadfast determination and a vision for a brighter future, the
bank is poised to continue its transformative journey, extending hope and
financial empowerment to countless more underprivileged households in the years
ahead.
Source: Business Recorder