ISLAMABAD: HBL Microfinance Bank (HBL MfB) has won the prestigious ‘Best Microfinance Bank’ award at the Pakistan Banking Awards hosted by the Institute of Bankers Pakistan (IBP) for the second consecutive year.
This recognition highlights the bank’s significant role in addressing poverty and contributing to the social and economic well-being of Pakistanis through its innovative suite of digitally-enabled products. In a journey spanning over two decades, HBL MfB has transformed from its humble beginnings in Gilgit to being acknowledged as the Best Microfinance Bank of Pakistan, winning awards in both 2022 and 2023 from esteemed bodies.
As a 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 experienced substantial growth in its lending portfolio, reaching nearly Rs. 88 billion, and its deposits increased by 27% to Rs. 116 billion. With the trust of over 3 million customers and a nationwide footprint of 217 locations, the bank is at the forefront of the microfinance space, securing numerous awards.
Bolstered by its well-deserved reputation for resilience, stability, and strength, HBL Microfinance Bank acknowledges that the journey is ongoing. With unwavering determination and a vision for a brighter future, the bank stands ready to continue its transformative journey, extending hope and financial empowerment to countless more underprivileged households in the years ahead.
