ISLAMABAD – Khushhali Microfinance Bank Limited announced the ‘Best Microfinance Bank in Pakistan’ award for the third time in a row by The Institute of Bankers Pakistan. This is a testament to Khushhali Microfinance Bank’s performance over the years. This honor was given to Khushhali Microfinance Bank Limited with its knowledge partners AF Ferguson and media partners on the occasion of the 2020 5th Pakistan Banking Awards.
Khushhali Microfinance Bank is Pakistan’s largest microfinance bank providing access to financial services to low-income and marginalized segments of the population in Pakistan. Receiving the award, KMBL CEO Ghalib Nishtar said, “It is an absolute honor for me and the Khushhali Microfinance Bank team in Pakistan to receive this award for the third time in a row.
At Khushhali Microfinance Bank, we’ve built a strong microfinance community over the past two decades, and our focus on consumer-based values has helped us stay where we do today. We have provided a large number of microfinance services to the unbanked population, empowered women and marginalized segments, while also promoting innovation and contributing to the economy. This award is a testament to our complete commitment.
“The Banking Awards is a platform where the efforts of various financial institutions in the development of new and improved products and services are recognized. The Awards help raise the performance bar each year by promoting higher standards of professionalism. Pakistan Bankers Award also includes financial participation, customer convenience, technology in banking, Islamic It awards excellence in trade finance, including banking, SME and agriculture. Representatives of the banking sector, members of regulatory agencies and industry stakeholders attended the awards. The panel of lawyers consisted of financial experts with a wide and varied experience in working in the financial sector.
Khushhali Microfinance Bank has been at the center of financial inclusion in Pakistan with its twenty-year history serving the non-privileged segment of society through microfinance. As a pioneer, it financially empowered individuals from both urban and rural communities. KMBL has been recognized for its steady growth in profitability and business expansion. Despite a national health crisis that shook the country, Khushhali Microfinance Bank effectively dealt with the challenges posed by the Corona Virus pandemic and its customers’ safe and secure and easy banking experience.