Islamabad, May 18, 2015 (PPI-OT): Khushhalibank Limited (KBL), with the objective to ensure extensive service coverage across the country has opened 10 additional branches in various regions of Pakistan. The new branches have opened in areas with lower access to financial services, such as Shah Kot, Kot Mithan, Kot Sultan, Shorkot City, Shahdad Kot, Jhuddo, Buner, Shakargarh, Sahiwal and Darya Khan.
Celebrating the launch, President Khushhalibank, Ghalib Nishtar said: “At KBL, we are committed to serve those segments of the population that are excluded from access to formal financial services but present a large and economically promising segment of the market. Khushhalibank with nerarly a million clients has the deepest presence and outreach within the microfinance sector in Pakistan. The clients represent micro and small entrepreneurs predominantly in the rural as well as urban regions of the country thereby contributing towards employment and promotion of economic activity at the grass roots level. This is an important milestone for us today as we strive to provide unparalleled services to all underserved segments of Pakistani society.”
KBL is making outstanding progress and continues to move on a sharp trajectory of growth. Recently KBL’s entity ratings were upgraded to ‘A+/A-1’ with a stable outlook, which reflects it is one of the best rated microfinance institution of Pakistan.
KBL has the largest branch network spread across all provinces of the country and a leading market share with expanding market penetration and diversification from rural to urban markets through the launch of Micro, Small and Medium Enterprise (MSME).
For more information, contact:
Khushhali Bank Limited
94 West, Fourth Floor,
Jinnah Avenue, Blue Area
PO Box 3111
Islamabad – Pakistan
Telephone: +92 (51) 111 092 092
Fax: + 92 (51) 9245120