The Board of Directors of Khushhali Microfinance Bank Limited (KBL) in its 47th meeting held in Islamabad, announced annual operating results of the Bank. KBL's pre-tax profit of PKR 942million increased by 75% against last year's profit of PKR 538million. 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. Portfolio quality indicators of the bank remained intact, with growth in loan book primarily led by the agri sector lending.

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.