Khushhali Microfinance Bank

Khushhali Microfinance Bank
Company type	Unlisted public company
Industry	Microfinance
Founded	2000; 24 years ago
Founder	Government of Pakistan
Headquarters	Islamabad, Pakistan
Key people	Aameer Karachiwalla (President/CEO)
Products	Loans; Savings; Consumer Banking;
Revenue	Rs. 6.358 billion (US$22 million) (2023)
Net income	Rs. −5.957 billion (US$−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.com.pk
	Footnotes / references; Financials as of 31 December 2023

Khushhali Bank Limited is a Pakistani microfinance bank headquartered in Islamabad.^[2] It is the largest microfinance lender in Pakistan.^[3]

History

It was founded in 2000 by the Government of Pakistan and was developed with the funding from the Asian Development Bank.^[4]

Controversy

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

Official Website

References

^ "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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[AR2023-1] "UBL Annual Report 2023" (PDF). UBLDigital. Retrieved 26 March 2024.

[2] 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)

[3] Ahmad, Ahtasam (July 17, 2022). "Microfinance Banks on the verge of crisis?". Profit by Pakistan Today.

[4] "Khushhali Bank to open 10 new branches". The Express Tribune. 8 March 2017.

[5] "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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