Thursday, October 23, 2025

Khushhali Microfinance Bank’s Pre-tax profit increases by 40%, clocking in at Rs. 2.5billion

 Khushhali Microfinance Bank’s Pre-tax profit increases by 40%, clocking in at Rs. 2.5billion

Islamabad, February 19, 2018: 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 & Medium Enterprise finance.

spot_img

Subscribe

Related articles

Pakistan and Afghanistan — History, Betrayal, and the Hard Road to Peace

By Sakib Berjees: (Policy Analyst & Regional Affairs Commentator)...

PTCL Group Continues to Achieve Double-Digit Growth

Islamabad – October 21, 2025: Pakistan Telecommunication Company Limited...

PTCL Group, CEQUENS sign MoU at GITEX GLOBAL 225 as partners to launch CPaaS in Pakistani enterprise market

Dubai/ Islamabad – October 21, 2025: Pakistan’s largest telecommunication...

Capture Your Best Travel Moments: vivo V60 Lite Now Available in Pakistan

Lahore, Pakistan, October 21, 2025 – vivo today celebrates...

Aerial Cable Cut Causes Power and Connectivity Disruption in Lahore

Lahore,News desk: A serious disruption occurred in Lahore after...
spot_img