Microfinance Banks –

Pakistan; An overview
2018 - 2022

Compiled by Finman Group –

We will update this with 2023 data – you can send an
email to us if you want the updated version at
training@consultfinman.com January 25, 2024
 HBL Microfinance Bank

Khushhali Microfinance Bank (KMFB)

Mobilink Microfinance Bank (MMFB)

Microfinance U Micro Finance Bank (U-Bank)
Banks (MFBs) NRSP Microfinance Bank

in Pakistan Telenor Microfinance Bank (TMFB)

There are 11 MFBs in Advans Microfinance Bank (Advans)
Pakistan, 10 operating
nationwide and 1 on a Sindh Microfinance Bank (SMFB)
provincial level only
Apna Microfinance Bank (AMFB)

LOLC Bank (formerly Pak Oman Microfinance Bank)

Finca Bank
Total Assets as at December 31, 2022 - MFBs
Banks Assets Rupees ‘000 Assets
250,000,000
U-Bank 221,296,133

HBLMFB 142,525,757
200,000,000
KMFB 132,206,360

MMFB 81,477,819
150,000,000

TMFB 63,699,312

NRSP Bank 44,190,929

100,000,000

FINCA Bank 34,748,869

AMFB 19,587,477
50,000,000

Pak Oman Bank 7,680,325

Advans 4,476,545 0
U-Bank HBLMFB KMFB MMFB TMFB NRSP Bank FINCA AMFB Pak Oman Advans SMFB
SMFB 2,007,714 Bank Bank
Profit/Loss Before Taxation – December 31, 2022
Profit /(Loss) before Profit/Loss Before Taxation
Banks Taxation – Rs. ‘000
3,000,000
U-bank 2,454,970
2,000,000
HBLMFB 1,801,635
1,000,000
MMFB 1,125,997
Pak Oman Bank 124,917 0

SMFB 57,240 -1,000,000

KMFB (4,184,992) -2,000,000

NRSP Bank (6,222,182) -3,000,000

TMFB (6,740,691) -4,000,000

Advans (97,726) -5,000,000

AMFB (4,875,980) -6,000,000

Finca *(1,527,430) -7,000,000

Gross Loans as at – December 31, 2022
Gross Loans
Gross Loans - Rupees
100,000,000
Banks ‘000
HBLMFB 87,850,558 90,000,000

KMFB 86,535,069 80,000,000

U-Bank 62,978,273 70,000,000

MMFB 58,903,893 60,000,000

NRSP Bank 32,385,608 50,000,000

AMFB 12,067,958 40,000,000

TMFB 11,593,611 30,000,000

LOLC Bank 5,493,901

20,000,000

SMFB 1,286,584
10,000,000

Advans 479,013
0
HBLMFB KMFB U-Bank MMFB NRSP Bank AMFB TMFB LOLC Bank SMFB Advans FINCA Bank
FINCA Bank 20,482,064
Deposits as at – December 31, 2022
Deposits
Banks Deposits – Rupees ‘000 140,000,000

HBLMFB 116,063,371
120,000,000
KMFB 111,791,738

U-Bank 92,200,411
100,000,000

MMFB 64,764,800
80,000,000
TMFB 46,597,944

NRSP Bank 32,444,155 60,000,000

AMFB 22,606,345
40,000,000

Advans 3,206,860
20,000,000
Pak Oman Bank 2,413,804

SMFB 600,335 0
HBLMFB KMFB U-Bank MMFB TMFB NRSP Bank AMFB Advans Pak Oman SMFB FINCA Bank
Bank
FINCA Bank 24,488,396
Number of Employees – December 31, 2022
NUMBER OF EMPLOYEES
Banks Number of Employees

KMFB 5,356
5,356
U-Bank 3,812

HBLMFB 3,724
3,812 3,724
TMFB 3,215
3,215 3,209
NRSP Bank 3,209

MMFB 2,078 2,078

1,691
AMFB 1,691
1,270
Pak Oman Bank 1,270
559
401
Advans 559
KMFB U-Bank HBLMFB TMFB NRSP MMFB AMFB Pak Oman Advans SMFB
SMFB 401 Bank Bank
Number of Branches F’Y 2022 Industry Wide
Number of Branches
Banks Number of Branches
350

U-Bank 303 303

300
KMFB 243
250 243
HBLMFB 217
217

NRSP Bank 145 200

AMFB 113 145

150

MMFB 109 113 109

100
TMFB 61
61 61

Pak Oman Bank 61 50

19 19
Advans 19 0
U-Bank KMFB HBLMFB NRSP Bank AMFB MMFB TMFB Pak Oman Advans SMFB
SMFB 19 Bank
F’Y 2018 to F’Y 2022 Performance
PROFIT BEFORE TAXATION

2,258,316

1,801,635
1,510,594

815,108
701,161

2018 2019 2020 2021 2022

Number of Employees Number of Branches

4,000 3,756 3,724 217
3,489 220 213
3,500 3,296 210
215
3,000 210
2,478 205 199
2,500
200
2,000 195
190 184
1,500
185
1,000 180
175
500
170
0 165
2018 2019 2020 2021 2022 2018 2019 2020 2021 2022
F’Y 2018 to F’Y 2022 Performance
PROFIT BEFORE TAXATION
Assets
132,206,360 (4,184,992) 2022
140,000,000
116,523,926
120,000,000 107,102,874 2021 869,590
100,000,000 81,493,128
70,471,952 2020 2,391,798
80,000,000
60,000,000 2019 2,518,507
40,000,000
2018 3,470,325
20,000,000
0
-6,000,000 -4,000,000 -2,000,000 0 2,000,000 4,000,000
2018 2019 2020 2021 2022

Gross Loan Number of Employees Number of Branches

6,000 5,376 5,511 5,644 5,356
86,535,069
5,000 4,614 2022 243
70,782,297
4,000 239
2021
60,648,237
53,607,444 3,000
2020 234
43,461,235 2,000
2019 226
1,000

0 2018 197
2018 2019 2020 2021 2022
0 100 200 300
2018 2019 2020 2021 2022
F’Y 2018 to F’Y 2022 Performance
Assets Profit Before Taxation
90,000,000 81,477,819
80,000,000 1,125,997
69,158,827 2022
70,000,000
60,000,000 56,002,928 2021 1,056,375
50,000,000
38,175,082 2020 748,164
40,000,000
30,000,000 28,114,694
2019 1,265,693
20,000,000
10,000,000 2018 1,220,801
0
2018 2019 2020 2021 2022 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000

GROSS LOAN
Number of Employees Number of Branches
70,000,000
2,500
58,903,893 61
60,000,000 2,078
109
2,000 1,828
50,000,000
1,516
40,000,000 1,426 74
38,369,833 1,500
1,165
30,000,000
1,000
24,578,790
20,000,000 105
500 100
10,000,000 2,713,805
5,537,781
0 0 2018 2019 2020 2021 2022
2018 2019 2020 2021 2022 2018 2019 2020 2021 2022
F’Y 2018 to F’Y 2022 Performance
Assets Profit Before Taxation

250,000,000 221,296,133 2022 2,454,970

200,000,000 2021 1,356,145

150,000,000
104,578,285 2020 1,204,073

100,000,000 70,713,402
40,090,204 2019 310,713
34,791,577
50,000,000
2018 800,292
0
2018 2019 2020 2021 2022 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000

Number of Employees Number of Branches

3,812
2022 303
3,007
2,600 2,695 2021 207
1,980
2020 212

2019 212

2018 141

2018 2019 2020 2021 2022 0 100 200 300 400

F’Y 2018 to F’Y 2022 Performance
Assets Loss/ Profit Before Taxation
60,000,000
53,161,161 51,380,715
(6,222,182) 2022
50,000,000 44,190,929
40,005,271
38,350,586 (1,862,451) 2021
40,000,000

30,000,000 2020 1,144,253

20,000,000 2019 87,382

10,000,000 2018 898,551

0
-7,000,000
-6,000,000
-5,000,000
-4,000,000
-3,000,000
-2,000,000
-1,000,000 0 1,000,0002,000,000
2018 2019 2020 2021 2022

GROSS LOAN
Number of Employees
32,385,608
30,847,513
29,289,840 3,397
27,768,761 3,161 3,209
2,836 2,796
23,777,633

2018 2019 2020 2021 2022 2018 2019 2020 2021 2022
F’Y 2018 to F’Y 2022 Performance
Assets Profit Before Taxation
70,000,000 63,699,312
62,465,976 60,859,934
(6,740,691) 2022
60,000,000 54,544,885
52,393,552
50,000,000 (10,444,124) 2021

40,000,000
(10,421,582) 2020
30,000,000
(15,784,151) 2019
20,000,000

10,000,000 (2,113,968) 2018

0 (18,000,000)
(16,000,000)
(14,000,000)
(12,000,000)
(10,000,000)(8,000,000)(6,000,000)(4,000,000)(2,000,000) 0
2018 2019 2020 2021 2022

Gross Loan NUMBER OF EMPLOYEES Number of Branches

40,000,000 3,694
34,187,550 3,559 2022 61
35,000,000 3,240 3,215
30,000,000 27,460,565 2021 66
2,592
25,000,000
20,000,000 2020 89

15,000,000 12,726,494 11,796,071 11,593,611

2019 120
10,000,000
5,000,000 2018 103
0
2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 0 50 100 150
F’Y 2018 to F’Y 2022 Performance
Assets Profit Before Taxation
5,000,000
4,476,545
4,500,000
(97,726) 2022
4,000,000
3,371,238
3,500,000 2021 56,400
3,000,000
2,500,000 (256,361) 2020
1,946,246 1,983,839
2,000,000
1,296,601 2019 432
1,500,000
1,000,000 (11,462) 2018
500,000
0 (300,000) (250,000) (200,000) (150,000) (100,000) (50,000) 0 50,000 100,000
2018 2019 2020 2021 2022

Gross Loan Number of Employees Number of Branches

2,494,002 600 559
2,500,000 2022 19
500
409
2,000,000 400 357 2021 14
318
1,269,591 300 249
1,500,000 1,074,441 2020 13
998,490
1,000,000 200
479,013 2019 13
100
500,000
2018 11
0
0 2018 2019 2020 2021 2022
2018 2019 2020 2021 2022 0 5 10 15 20
F’Y 2018 to F’Y 2022 Performance
Profit Before Taxation
Assets
2022 57,240
2,500,000
2,085,357 2,007,714
1,907,492 1,899,240 2021 45,811
2,000,000

2020 70,125
1,500,000
1,003,454
1,000,000
2019 68,658

500,000 2018 51,963

0 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000

2018 2019 2020 2021 2022

GROSS LOAN Number of Employees Number of Branches

1,286,584 500 2022 19

379 382 401
400 351 2021 18
929,131
846,055 268
300 2020 17
589,666
530,562 200
2019 17
100
2018 13
0
2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 0 5 10 15 20
F’Y 2018 to F’Y 2022 Performance
Assets
Profit Before Taxation
29,585,582
1,000,000
30,000,000 100,501 89,344 23,393
23,776,719
0
25,000,000 20,543,254 19,587,477 2018 2019 2020 2021 2022
-1,000,000
17,623,047
20,000,000
-2,000,000
15,000,000
-3,000,000 (2,643,095)
10,000,000 -4,000,000

5,000,000 -5,000,000
(4,875,980)
0 -6,000,000
2018 2019 2020 2021 2022

Gross Loan Number of Employees Number of Branches

3,000
12,067,958 2022 113
14,000,000 11,997,794 2,434 2,381 2,419
10,504,574 2,500
2,125
12,000,000 10,087,136 9,071,890 2,000
2021 118
10,000,000 1,691
8,000,000 1,500 2020 121
6,000,000
1,000 2019 123
4,000,000
500
2,000,000 2018 123
0 0
2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 105 110 115 120 125
F’Y 2018 to F’Y 2022 Performance
Assets Profit Before Taxation
9,000,000
8,000,000
7,680,325 2022 124,917
7,180,863
7,000,000
2021 323,792
6,000,000
5,000,000 4,634,958 4,446,319
(238,965) 2020
4,000,000
3,000,000 2,457,681 2019 52,550
2,000,000
2018 100,573
1,000,000
0 -300,000 -200,000 -100,000 0 100,000 200,000 300,000 400,000
2018 2019 2020 2021 2022

GROSS LOAN Number of Employees Number of Branches

5,583,519 5,493,901 1400 1,270 2022
1,155 61
1200
2021 43
1000 834
800 2020 31
556
2,519,258 600
1,978,461 385
400 2019 30
1,247,170
200
2018 25
0
2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 0 20 40 60 80
 F’Y 2018 to F’Y 2022 Performance
Assets Profit Before Taxation
45,000,000 2,000,000 1,579,947
39,850,881 1,415,968
40,000,000 37,311,889 37,052,458 1,500,000
34,748,869 1,011,568
35,000,000 32,279,761 1,000,000
30,000,000 500,000
25,000,000 0
-500,000 2018 2019 2020 2021 30-Sep-22
20,000,000
15,000,000 -1,000,000
10,000,000 -1,500,000
-2,000,000 (1,527,430)
5,000,000
0 -2,500,000
(2,342,232)
2018 2019 2020 2021 30-Sep-22 -3,000,000

Gross Loan Number of Employees Number of Branches

3,000
2,870
30-Sep-22 20,482,064 2,900 2021 130
2,800
2021 19,695,729 2,700 2,610 2020 130
2,600
2020 21,550,510
2,500 2,402
2,392 2019 130
2,400
2019 22,480,016
2,300
2018 20,868,935 2,200 2018 133
2,100
18,000,000 19,000,000 20,000,000 21,000,000 22,000,000 23,000,000 2018 2019 2020 2021 128 129 130 131 132 133 134
HBL Microfinance Bank
Terms 2018 2019 2020 2021 2022
Rupees ‘000
Total Assets 37,625,280 47,232,021 76,363,087 110,020,563 142,525,757
Profit Before Taxation 1,510,594 701,161 815,108 2,258,316 1,801,635
Profit After Taxation 1,000,070 532,712 574,599 1,556,248 1,225,007
Net Loan 23,554,444 30,936,267 41,628,198 56,872,416 85,376,631
Gross Loan 23,857,102 31,613,750 43,411,854 59,244,624 87,850,558
Deposits 31,129,077 38,403,643 61,726,243 91,362,605 116,063,371
Number of Employees 2,478 3,296 3,489 3,756 3,724
Number of Branches 184 199 210 213 217
Khushhali Microfinance Bank
Terms 2018 2019 2020 2021 2022
Rupees ‘000
Assets 70,471,952 81,493,128 107,102,874 116,523,926 132,206,360
Profit Before Taxation 3,470,325 2,518,507 2,391,798 869,590 (4,184,992)

Profit After Taxation 2,458,786 1,836,169 1,739,756 571,680 (3,051,845)

Net Loan 43,500,532 53,541,152 60,640,787 70,884,244 86,372,392

Gross Loan 43,461,235 53,607,444 60,648,237 70,782,297 86,535,069

Deposits 56,017,988 63,882,349 88,649,814 93,162,369 111,791,738

Number of Employees 4,614 5,376 5,511 5,644 5,356

Number of Branches 197 226 234 239 243

Mobilink Microfinance Bank
Terms 2018 2019 2020 2021 2022
Rupees ‘000
Assets 28,114,694 38,175,082 56,002,928 69,158,827 81,477,819
Profit Before Taxation 1,220,801 1,265,693 748,164 1,056,375 1,125,997

Profit After Taxation 18,021 920,833 530,319 727,681 958,297

Net Loan 12,428,377 15,072,876 24,223,739 37,463,495 56,213,432

Gross Loan 2,713,805 5,537,781 24,578,790 38,369,833 58,903,893

Deposits 22,091,486 29,224,876 46,806,827 58,658,397 64,764,800

Number of Employees 1,165 1,426 1,516 1,828 2,078

Number of Branches 61 74 100 105 109

U- Bank
Terms 2018 2019 2020 2021 2022
Rupees ‘000
Assets 34,791,577 40,090,204 70,713,402 104,578,285 221,296,133
Profit Before Taxation 800,292 310,713 1,204,073 1,356,145 2,454,970

Profit After Taxation 547,057 253,648 906,160 1,111,037 2,249,958

Net Loan 17,019,839 21,374,079 30,006,299 34,375,729 59,283,994

Gross Loan 17,225,244 21,882,307 31,319,362 36,411,345 62,978,273
Deposits 20,534,770 23,290,259 46,104,641 55,000,290 92,200,411

Number of Employees 1,980 2,600 2,695 3,007 3,812

Number of Branches 141 212 212 207 303
NRSP-Microfinance Bank
Terms 2018 2019 2020 2021 2022

Rupees ‘000
Assets 38,350,586 40,005,271 53,161,161 51,380,715 44,190,929
Loss/ Profit Before Taxation 898,551 87,382 1,144,253 (1,862,451) (6,222,182)
Loss/ Profit After Taxation 590,917 84,310 793.435 (1,231,809) (4,218,294)
Net Loan 23,311,122 27,370,611 27,932,422 27,178,816 28,027,830
Gross Loan 23,777,633 27,768,761 29,289,840 30,847,513 32,385,608
Deposits 26,263,175 26,650,662 39,284,549 34,126,738 32,444,155

Number of Employees 3,397 2,836 3,161 2,796 3,209

Number of Branches 143 154 154 150 145
Telenor Microfinance Bank
Terms 2018 2019 2020 2021 2022
Rupees ‘000
Assets 62,465,976 60,859,934 52,393,552 54,544,885 63,699,312
Profit Before Taxation (2,113,968) (15,784,151) (10,421,582) (10,444,124) (6,740,691)
Profit After Taxation (2,515,738) (16,351,827) (10,703,951) (10,764,771) (7,099,911)
Net Loan 32,944,819 19,998,939 11,090,960 10,769,884 11,290,600
Gross Loan 34,187,550 27,460,565 12,726,494 11,796,071 11,593,611
Deposits 42,274,909 41,170,537 36,963,810 39,042,927 46,597,944
Number of Employees 3,559 3,694 2,592 3,240 3,215

Number of Branches 103 120 89 66 61

Advans Microfinance Bank
Terms 2018 2019 2020 2021 2022
Rupees ‘000
Assets 1,296,601 1,946,246 1,983,839 3,371,238 4,476,545
Profit Before Taxation (11,462) 432 (256,361) 56,400 (97,726)
Profit After Taxation (114,209) 14,946 (257,554) 53,885 (102,869)
Net Loan 978,031 1,234,714 955,643 2,430,141 3,332,994
Gross Loan 998,490 1,269,591 1,074,441 2,494,002 479,013
Deposits 552,311 953,719 1,055,183 2,272,273 3,206,860

Number of Employees 357 318 249 409 559

Number of Branches 11 13 13 14 19
Sindh Microfinance Bank
Terms 2018 2019 2020 2021 2022
Rupees’000
Assets 1,003,454 1,907,492 1,899,240 2,085,357 2,007,714

Profit Before Taxation 51,963 68,658 70,125 45,811 57,240

Profit After Taxation 38,084 52,170 52,684 27,347 41,409

Net Loan 583,102 849,974 553,806 944,465 1,302,898

Gross Loan 589,666 846,055 530,562 929,131 1,286,584
Deposits 77,769 126,447 139,340 271,023 600,335
Number of Employees 268 379 382 351 401
Number of Branches 13 17 17 18 19
Apna Microfinance Bank
Terms 2018 2019 2020 2021 2022
Rupees ‘000
Assets 17,623,047 20,543,254 29,585,582 23,776,719 19,587,477
Profit Before Taxation 100,501 89,344 23,393 (2,643,095) (4,875,980)

Profit After Taxation 53,261 53,525 12,742 (1,930,971) (4,489,364)

Net Loan 8,812,741 8,779,226 10,119,920 11,505,707 8,354,266

Gross Loan 10,087,136 9,071,890 10,504,574 11,997,794 12,067,958

Deposits 15,866,331 18,317,084 26,178,887 22,083,717 22,606,345
Number of Employees 2,434 2,381 2,419 2,125 1,691

Number of Branches 123 123 121 118 113

LOLC Bank (Formerly Pak-Oman Microfinance Bank)
Terms 2018 2019 2020 2021 2022
Rupees ‘000
Assets 2,457,681 4,634,958 4,446,319 7,180,863 7,680,325
Profit Before Taxation 100,573 52,550 (238,965) 323,792 124,917
Profit After Taxation 60,228 28,693 (179,638) 215,926 114,658
Net Loan 1,208,641 1,902,927 2,469,372 5,372,015 5,286,760
Gross Loan 1,247,170 1,978,461 2,519,258 5,583,519 5,493,901
Deposits 6,784 6,701 6,701 1,771,283 2,413,804
Number of Employees 385 556 834 1,155 1,270

Number of Branches 25 30 31 43 61
Finca Microfinance Bank
Terms 2018 2019 2020 2021 30 Sept 2022
Rupees ‘000
Assets 32,279,761 37,311,889 39,850,881 37,052,458 34,748,869
Profit Before Taxation 1,579,947 1,011,568 1,415,968 (2,342,232) (1,527,430)
Profit After Taxation 956,481 653,352 904,663 (1,522,523) (729,279)
Net Loan 20,580,529 22,038,804 21,246,109 18,827,193 19,697,446
Gross Loan 20,868,935 22,480,016 21,550,510 19,695,729 20,482,064
Deposits 23,741,812 23,911,342 26,082,761 25,419,127 24,488,396
Number of Employees 2,610 2,870 2,392 2,402

Number of Branches 133 130 130 130

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