HABIB Bank Limited (HBL) agreed to an stock of 2 billion rupees at HBL Bank Bank Limited (HBL MFB), as part of its strategy to enhance financial integration and strengthen microfinance operations.
HBL revealed this development through a notice to the Pakistani Stock Exchange (PSX) on Thursday according to Article 96 and 131 of the Securities Law, 2015, and paragraph 5.6.1 of the PSX rules book.
“We transfer that the Habib Bank Board of Directors (HBL) has agreed to invest in shares that reach a rupee.
The stock investment was approved by the HBL board of directors on February 27, 2025, and it is subject to organizational compliance and the approval of the shareholders.
HBL MFB, founded in 2002 as a smaller finance bank, was created to address poverty and support social and economic development by providing financial opportunities for thousands of deprived families.
Capital injection is expected to boost 2 billion rupees its lending ability, improve operational efficiency, and facilitate more communication in rural and urban markets.
On February 14, HBL Microfinance Pank signed a risk sharing agreement with the International Finance Corporation of the World Bank (IFC) to enhance financial access in Pakistan.
The agreement, supported by the private sector window for the Global Food and Food Security Program (GAFSP), will enable the participation of 50 % of the risks on the microfinance loan portfolio of up to $ 80 million with IFC. This initiative aims to improve access to credit for the farmers of small holders and fine matches, especially entrepreneurs.
