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

PR: 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.

interesting reading:  Agreement sign worth Rs. 52.5 billion for electro-mechanical works of Dasu hydropower project

YOU MAY LIKE: JazzCash and National Bank of Pakistan to Service the Bureau of Emigration & Overseas Employment

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.

interesting reading:  PTCL revenue for 9 months boost 4.5% to Rs 98 billion
interesting reading:  realme 5s 1st mobile device in Pakistan equipped with Qualcomm® Snapdragon™ 665 at under Rs. 29,999

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.

Author: Editorial

Leave a Reply