ISLAMABAD: Khushhali Bank Limited’s pre-tax profit has increased by 75 per cent to Rs942 million against last year’s Rs538 million profit.
The bank’s Board of Directors, in its 47th meeting, announced the annual operating results. The increase in profit results from continued growth in balance sheet, improved non-fund income and lower provisions. The Bank maintains the largest network of 118 branches and enjoys the largest market share in terms of gross loan portfolio in the micro-finance sector.
KBL is majority owned by a consortium of investors including one of Pakistan’s largest banks (UBL), and Blue Chip international investors with expertise in the Micro, Small & Medium Enterprise finance.
