Micro Finance Banking

ISLAMABAD: The government has ensured credit disbursement to the microfinance sector, as gross loan portfolio raised from Rs 46 billion in 2013 to Rs 104 billion in 2016. Microfinance providers’ effective interest rates are broadly in range of 25 to 40 percent, however, microfinance banks annualised interest rates are within range of 25 to 30 […]

The Institute of Bankers Pakistan (IBP) and a local media group in collaboration with AF Ferguson and Co held the first ever Pakistan Banking Awards 2016 at Mohatta Palace, honoring excellence in banking. These awards were given to banks that performed well and contributed towards social impact and financial inclusion. The first award for the […]

KARACHI: Standard Chartered Bank is expanding its digital banking presence in Pakistan as its client preferences are shifting towards internet payment channels, a bank’s official said on Thursday. The official said the bank’s customers make transactions via online and over mobile phone networks and the internet.  The bank is heavily investing in the digital space […]

KARACHI: Sindh Microfinance Bank a wholly-owned subsidiary of Sindh Bank Ltd. gets banking license from State Bank of Pakistan to operate as a provincial level bank in Sindh. Sindh Microfinance Bank having its head office in Karachi was incorporated in March this year with equity of Rs. 750 million injected by Sindh Bank. Sindh Microfinance […]

LONDON: There are numerous indices, rankings, awards, prizes and accolades in business, politics, academia and society to recognise excellence and leadership roles played by individuals and institutions. These are used as performance indicators in different fields. From country risk ratings (as issued by the likes of Standard & Poor’s and Moody’s) to poverty score cards (as […]

ISLAMABAD: The government is considering setting up the Pakistan Microfinance Company, in line with the business model of renowned Grameen Bank of Bangladesh, in an effort to provide small loans to farmers and businesses. Grameen Bank, founded by Muhammad Yunus, is a nobel peace prize-winning microfinance and community development bank that lends small amounts of money […]

LAHORE: Minister for Finance, Excise and Taxation Mujtaba Shujaur Rehman has said that practical and equitable resource distribution can minimise the discrepancy between the rich and poor. He stated that micro-financing could possibly resolve unemployment issues. The minister added that the Punjab government has launched self-employment schemes for jobless adolescents and a sum of Rs3 billion […]

KARACHI: The value of savings in the microfinance industry increased 38% in 2013 with the number of savers going up 24%, according to data released by the Pakistan Microfinance Network (PMN) on Wednesday. On a quarter-on-quarter basis, the number of active savers increased 16.1% to 5.9 million in October-December while the value of savings went up […]

LAHORE: Despite a drop of two percentage points in its share in the microfinance market, Khushhali Bank President Ghalib Nishter is enthusiastic, believing that the bank will continue to lead in the micro-loan category on the premise that around 90% of the market is yet to be tapped. In an interview with The Banker.com.pk, Nishter described microfinance […]