Khushhali Microfinance Bank Limited is the pioneer in the industry of microfinance banks. The bank has been acknowledged and awarded the ‘Best Microfinance Bank’ in Pakistan for a second year running; by the Pakistan Banking Awards 2019. These awards are held on a yearly basis by the Institute of Bankers Pakistan, with knowledge partners AF Ferguson and media partners Dawn Media Group.
The award was bestowed upon Khushhali Microfinance Bank Limited for their exemplary performance in the ever growing outreach with penetration efficiency. The bank achieves this with their attention to details in their processes. They are extremely focused on bringing innovative solutions to their consumers on a regular basis, to enable the rise in benchmark for the industry.
While the banking industry’s representatives where present in strength. The awards held each year were also attended by the regulatory bodies and the stakeholders of the industry.
While receiving the award, Mr. Ghalib Nishtar said, “Receiving this award on behalf of Khushhali Microfinance Bank Limited is a humbling experience. Cultivating a community of microfinance, hand in hand with our consumers is a core value of Khushhali Microfinance Bank Limited. We aim to providing the best possible solutions to our consumers to enable them to build and create their dreams with ease and comfort. Entrepreneurship is a key component in the growth of our economy, and we at Khushhali Microfinance Bank Limited are honored to be a part of the country’s economic growth. This award is also a testament to the hard work and dedication of the team of Khushhali Microfinance Bank Limited.”
He further went on to say, “we are excited to be presented this award as it is a result of the innovation of our team. The award also proves to us that we are on the right track of providing formal financial access to the marginalized segments of Pakistan. This award will go a long way to providing a boost in the motivation levels of the industry. This award should serve as their motivation to go after innovating solutions to bridge the gap between the banking industry and the non-banking industry.”
The Banking Awards ensure that the efforts put towards the development of new and improved products and services are recognized. This allows for the coming year to also be spent innovating solutions for the industry. The collective effort helps in bringing the bar of performance higher each year. Pakistan Bankers Award also awarded excellence in the areas of financial inclusion, customer convenience, technology in banking, Islamic Banking, trade finance including SME and agriculture.
The panel of jurists was curated carefully and included members bringing their broad and diversified experience of working in the finance industry. Each award was finalized after a rigorous process of analysis and review of performance within each category.