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HBL acquires 51pc shares in First MicroFinance Bank

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HBL has acquired a 51 percent majority stakes in the First MicroFinance Bank Limited (FMFB), a statement said on Wednesday.

FMFB is the first and oldest microfinance bank in the country with a presence in more than 150 locations, covering 66 districts.

“FMFB’s roots lie in the credit and savings programmes of the Aga Khan Rural Support Program (AKRSP) dating back to 1982,” the statement said.

A signing ceremony to mark the event was held in Islamabad in the presence of Princess Zahra Aga Khan and Prince Rahim Aga Khan.

For more on this story visit the following link: HBL acquires 51pc shares in First MicroFinance Bank

Source: The News

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