HBL to make equity investment of up to Rs.4 billion in First Micro Finance Bank Ltd

March 29, 2021 (MLN): The Board of Directors of Habib Bank Limited (HBL), in its meeting held today, approved and authorized equity investment in The First Micro Finance Bank Ltd. (FMFB) of up to Rs.4 billion over the next three years to help FMFB to maintain a stronger capital base and provide sufficient headroom in its Capital Adequacy Ratio (CAR) for on-going business expansion and growth plans.

The aforesaid proposal is subject to approval of the State Bank of Pakistan.

Copyright Mettis Link News

Posted on: 2021-03-29T19:09:00+05:00

40424