Khushhalibank expands branch network in Punjab in a bid to enhance support for small businesses

Islamabad, December 02, 2015 (PPI-OT): Khushhalibank Limited has announced opening of two new branches in Punjab, further expanding its geographic spread as the pioneer microfinance bank of Pakistan.

Inaugurated in 2000, Khushhalibank Limited continues to evolve its mission and expand its outreach to cater to the financing needs of more than 500,000 active borrowers through over 125 branches, of which 15 are dedicated to facilities to small business. Adding two more branches to its existing network at Ayubi Plaza, Faisalabad and Anarkali, Lahore respectively, KBL continues to deliver financial products geared towards MSME business opportunities to customers, achieving yet another milestone in its stride towards growth targets for the 2015 Financial Year.

Adressing the media, President Khushhalibank Ghalib Nishtar said: “In the last 15 years a large number of people have benefited from microfinance and it is estimated that more than 4 million individuals have taken advantage of the microfinance services, and the number is fast growing. Today Khushhalibank has taken another step towards it’s goal to provide quality banking services to all underserved segments of Pakistan. Our priority is and will remain development of society of Pakistan through expanding the outreach of micro, small, medium enterprise financing services in semi-urban and rural regions.”

The Bank intends to further increase and deepen its presence and outreach by opening more branches, to benfit more people by its services. Access by small business owners to financial services is an integral part of the national developmental agenda. KBL has the largest branch network spread across the country with an ever deepening market penetration of rural and urban markets through Micro, Small and Medium Enterprise (MSME) services.

For more information, contact:
Khadija Ahmad
Khushhali Bank Limited (KBL)
94 West, Fourth Floor, Jinnah Avenue, Blue Area
PO Box 3111
Islamabad – Pakistan
Tel: +92 (51) 111 092 092
Fax: + 92 (51) 9245120