Khushhali Microfinance Bank Limited (KMBL) announces its financial results for the year 2017 on 14th February 2018 in Islamabad, posting an appreciable growth in bottom line, accompanied with a dividend of Rs 0.53 per share.
KMBL's pre-tax profit of Rs 2.49 billion increased by 40 percent against last year's profit of Rs 1.78 billion. The increase in profit results from continued growth in balance sheet and improved non-fund income. The Bank maintains the largest network of 173 outlets and enjoys the largest market share in terms of loan portfolio, deposits and asset base in the micro-finance sector.
Compared to last year, portfolio quality indicators also improved, with growth in loan book of 40 percent primarily led by the agriculture sector lending. The Bank deposits expanded appreciably by over 100 percent as compared to last year and a strong built up was seen in urban operations. -PR
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