 | |
| Company type | Unlisted public company |
|---|---|
| Industry | Banking Capital Markets |
| Founded | December 2, 1989; 35 years ago (1989-12-02) |
| Headquarters | Karachi-75530,Pakistan |
Key people | Farrukh Iqbal Khan (CEO) |
| Products | Loans,credit cards,debit cards, savings, consumer banking, and bancassurance |
| Revenue |  Rs. 2.167 billion (US$7.5 million) (2023) |
| Rs. 457.354 million (US$1.6 million) (2023) | |
| Rs. 322.165 million (US$1.1 million) (2023) | |
| Total assets | Rs. 70.792 billion (US$250 million) (2023) |
| Total equity | Rs. 3.082 billion (US$11 million) (2023) |
| Owner | Ministry of Finance (82.64%) |
| Parent | Government of Pakistan |
| Website | fwbl |
| Footnotes / references Financials as of 31 December 2023[update][1] | |
| ||
|---|---|---|
Elections Prime Minister of Pakistan
| ||
First Women Bank Limited (FWBL) is a Pakistani state-ownedcommercial bank for women with headquarters inKarachi.[2]
The blueprint for infrastructure of the Bank was designed byAkram Khatoon. She presented it in 1988 to then Prime MinisterBenazir Bhutto, who approved to set up the bank in December 1988.[3] The bank was incorporated with apaid up capital of PKR 100 million which was subscribed by the state-owned banks.[4][5] Its originalcharter mandated that the bank would employ women and extend smallbusiness loans exclusively to women.[5] he first branch of the bank was opened inKarachi in December 1989, and by 1991, it had 15 branches throughout the country.[5]
TheGovernment of Pakistan now owns majority shareholding in the bank. The remaining shares are held by the five big commercial banks –National Bank of Pakistan,Habib Bank Limited,Muslim Commercial Bank Limited,United Bank Limited andAllied Bank Limited.[4]
The Cabinet Committee on Privatisation (CCoP) approved transaction structures for the privatisation of First Women Bank Ltd.[6][7]
After a hiatus of several years, in February 2024, the Federal Cabinet of the Government of Pakistan finally approved the privatization of the First Women Bank.[8]
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| See also | |||||
 | This Pakistani corporation or company article is astub. You can help Wikipedia byexpanding it. |
 | This Asian bank-related article is astub. You can help Wikipedia byexpanding it. |
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