By winning Best Microfinance Bank for the second time in a row, HBL Microfinance Bank (HBL MfB), which already dominates the microfinance sector.
The CFA Society Pakistan’s 20th Annual Excellence Awards are recognized for honoring professionals, businesses, and financial institutions for their exceptional achievements over the course of the previous year.
This recognition highlights HBL MfB’s success in the microfinance industry as well as the bank’s unwavering dedication to the social and economic well-being of society, customer happiness, and financial inclusion. HBL MfB continues to improve the financial well-being of its devoted customers by continually changing the microfinance banking landscape through the application of cutting-edge technologies.
The Bank’s status as a pioneer in the microfinance industry was cemented, according to Mr. Rayomond Kotwal, Chairman, Board of Directors – HBL MfB, as the Bank once again took home the Best Microfinance Award.
I’m proud of the Bank’s accomplishment and the outstanding teamwork that allowed it to be acknowledged for its efforts. We will continue to accelerate our expansion plan and develop cutting-edge digital financial services because we are a people-centric business that focuses on providing services to the unbanked, assisting and assisting clients, and creating good change to the areas in which we operate.
According to Mr. Muhammad Amir Khan, CEO and President of HBL MfB, this accomplishment is proof of the bank’s unwavering commitment to providing people with inclusive and cutting-edge financial solutions so they can improve the quality of their lives.
“Being selected the Best Microfinance Bank for the second consecutive year demonstrates our dedication to elevating the underprivileged groups in our nation. Our top aim as a company that is centered on our clients is to offer financial tools and solutions that address their unique and varied needs, giving them access to the capital they need to become financially independent. Without our greatest asset, our staff, who continues to work tirelessly toward the Bank’s mission day in and day out, this beautiful achievement would not have been possible,” Mr. Muhammad Amir Khan said during the event.
HBL MfB began its journey 20 years ago as Pakistan’s first microlender. By collecting two accolades for Best Microfinance Bank in 2022, the Bank solidified its position as a market leader. In its objective to reduce poverty in Pakistan and improve the standard of living for its citizens, HBL MfB has remained unwavering. The Bank, which remained a dependable business partner for its clients, increased its lending portfolio by over 50% in 2022 to Rs. 88 billion and its deposit portfolio by 27% to Rs. 116 billion.
Going forward, HBL MfB wants to improve the digital banking experience for all users, grow its customer base, and keep its esteemed clients as its top priority.