KARACHI – Khushhali Microfinance Bank was acknowledged as the ‘Best Microfinance Bank of the Year’ by the Institute of Bankers Pakistan (IBP) at the ‘6th Pakistan Banking Awards 2021’ ceremony held at a local hotel on Friday. This event marks the 4th consecutive accolade received by KMBL in the microfinance industry as it once again emerges as the best financial institution in Pakistan.
Dr. Reza Baqir, Governor, State Bank of Pakistan (SBP) and the President of IBP graced the award ceremony as the chief guest. The leading banks of Pakistan and key stakeholders of the banking sector also attended the prestigious event. Pakistan Banking Awards is a gracious initiative to recognise the efforts made by the banking and financial sector for the overall growth and development of the national economy.
The award was presented to Khushhali Microfinance Bank owing to the highest market share, consistent growth, profitability, customer satisfaction and other high-performance factors during the year.
Khushhali Microfinance Bank President Ghalib Nishtar expressed his feelings by saying, “It gives us great joy to accept this award for the 4th consecutive year today. The microfinance sector has grown tremendously from a mere thousand to millions, and we are proud that a vast majority has opted to invest their faith with KMBL. We are committed to fulfil the promise to deliver the optimum level of services to our valuable clients for the years to come”.
Khushhali Microfinance Bank has a two-decade history of serving the underprivileged segment of society through microfinance. Its initiatives have been vital in poverty alleviation in Pakistan. A forerunner in the microfinance sector, it has financially empowered individuals from both urban and rural communities.
The Institute of Bankers Pakistan, in partnership with The DAWN Media Group and the collaboration of A.F. Ferguson & Co. (a member of the PwC global network), annually come together to conduct the Pakistan Banking Awards (PBA) since 2016.
