Khushhali Microfinance Bank
(Redirected from Khushhali Bank)
 | |
| Company type | Unlisted public company |
|---|---|
| Industry | Microfinance |
| Founded | 2000 |
| Founder | Government of Pakistan |
| Headquarters | Islamabad, Pakistan |
Key people | Aameer Karachiwalla (President/CEO) |
| Products |
|
| Revenue |  Rs. 6.358 billion (US$22 million) (2023) |
| Rs. −5.957 billion (US$−21 million) (2023) | |
| Total assets | Rs. 115.121 billion (US$400 million) (2023) |
| Total equity | Rs. 3.716 billion (US$13 million) (2023) |
| Owner | United Bank Limited (27.82%) |
| Website | khushhalibank |
| Footnotes / references Financials as of 31 December 2023[update] [1] | |
Khushhali Bank Limited is a Pakistani microfinance bank headquartered in Islamabad.[2] It is the largest microfinance lender in Pakistan.[3]
History
[edit]It was founded in 2000 by the Government of Pakistan and was developed with the funding from the Asian Development Bank.[4]
Controversy
[edit]In 2024, Federal Ombudsman Secretariat for Protection Against Harassment (FOSPAH) ruled against the bank and a number of its employees, in a harassment case filed by a female employee of the bank. [5]
External links
[edit]
References
[edit]- ^ "UBL Annual Report 2023" (PDF). UBLDigital. Retrieved 26 March 2024.
- ^ 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) - ^ Ahmad, Ahtasam (July 17, 2022). "Microfinance Banks on the verge of crisis?". Profit by Pakistan Today.
- ^ "Khushhali Bank to open 10 new branches". The Express Tribune. 8 March 2017.
- ^ "خوشحالی مائیکروفنانس بینک میں ہراسانی سے متاثرہ خاتون کے حق میں فیصلہ، بینک اور عملے کے ارکان پر 95 لاکھ روپے جرمانہ". BBC Urdu. 15 November 2024.
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| Microfinance | |||||
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