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    First Women Bank Ltd. (FWBL) : Unique Credit Policies

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    MIan Muzamil
    First Women Bank Ltd. (FWBL) was established in 1989 as the first commercial bank catering specifically to women in Pakistan. It was founded with the vision of Prime Minister Benazir Bhutto to provide women access to formal financial services. FWBL provides financing and banking services that promote women's ownership of businesses. It has over 50,000 customers who have received financing and 90,000 savings accounts. The bank remains committed to empowering women and supporting Pakistan's commitments to women's development.

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    First Women Bank Ltd. (FWBL) : Unique Credit Policies

    Uploaded by

    MIan Muzamil
    94 views2 pages
    First Women Bank Ltd. (FWBL) was established in 1989 as the first commercial bank catering specifically to women in Pakistan. It was founded with the vision of Prime Minister Benazir Bhutto to provide women access to formal financial services. FWBL provides financing and banking services that promote women's ownership of businesses. It has over 50,000 customers who have received financing and 90,000 savings accounts. The bank remains committed to empowering women and supporting Pakistan's commitments to women's development.

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    First Women Bank Ltd. (FWBL) was established in 1989 as the first commercial bank catering specifically to women in Pakistan. It was founded with the vision of Prime Minister Benazir Bhutto to provide women access to formal financial services. FWBL provides financing and banking services that promote women's ownership of businesses. It has over 50,000 customers who have received financing and 90,000 savings accounts. The bank remains committed to empowering women and supporting Pakistan's commitments to women's development.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    94 views2 pages

    First Women Bank Ltd. (FWBL) : Unique Credit Policies

    Uploaded by

    MIan Muzamil
    First Women Bank Ltd. (FWBL) was established in 1989 as the first commercial bank catering specifically to women in Pakistan. It was founded with the vision of Prime Minister Benazir Bhutto to provide women access to formal financial services. FWBL provides financing and banking services that promote women's ownership of businesses. It has over 50,000 customers who have received financing and 90,000 savings accounts. The bank remains committed to empowering women and supporting Pakistan's commitments to women's development.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    First Women Bank Ltd.

    (FWBL)
    Empowering Women, Empowering the Nation

    First Women Bank Ltd. is a unique financial institution and commercial bank of its kind
    in the world. In 1989 FWBL was incorporated as a Scheduled Commercial Bank under
    the Companies Ordinance, 1984 as a joint venture of five largest Commercial Banks
    and Government of Pakistan. The Government of Pakistan now owns majority
    shareholding (80.16%) in the Bank. The remaining shares are held by the five big
    commercial banks NBP, HBL, MCB, UBL and ABL. The establishment of FWBL was
    an innovative and bold step conceived by the then Prime Minister Mohtarma Benazir
    Bhutto (Shaheed) who envisioned a bank that would undertake the conduct of all forms
    of business of Banking Company in a manner designed to meet the special needs of
    women and to encourage and assist them in promotion and running of trade and
    industry and practice of profession. The bank came into being as an affirmative action of
    the parliament to indicate the Governments commitment to provide access to half of its
    population to the formal financial services. FWBL is fully committed to Pakistans
    national and international commitments highlighted in the Beijing Platform for Action,
    1995; the National Plan of Action for Women, 1998 and the National Policy for
    Development & Empowerment of Women. Initially the FWBL model was catered to
    women at all levels of economic activity micro, small, medium and corporate. It was
    the first Commercial Bank to launch Micro-Credit in Pakistan. Over the years with
    promotion or specialization of Micro Finance banks which are set up to cater to financial
    needs of low income communities, FWBL has shifted its focus to range of financial
    services (SME) other than MF.

    Unique Credit Policies


    The Banks unique credit policies promote asset ownership for women, by providing
    financing to business entities with 50% women shareholding or where a woman is the
    Managing Director, or 50% or more employees are women. However; the Bank seeks
    deposits from and provides services to both genders. In 2001, Womens World Banking
    in its Global Directory profiled FWBL for Banking Innovation in Micro-Finance, and
    acknowledged that FWBL features among the worlds micro-finance leaders.
    FWBL initiatives for the empowerment of women were recognized at all levels and the
    Bank received the Brands of the Year Award for 2010 -2013. The Bank was also
    conferred with the 8th Consumers Choice Award. This was in acknowledgement of
    FWBLs contribution towards the promotion of women banking in the country. The bank
    remains true to its roots as a women centered organization and facilitate financial
    inclusion of 50,856 customers who have availed financing facilities of Rs. 60,076.949
    million and 90,000 customers who are maintaining their savings and other business
    accounts. The Government has selected FWBL for financing loans to women under the
    Prime Ministers Youth Business Loans which is a great success story in the year 2014

    as all loans disbursed under the scheme are used for setting up business and its
    repayment is 100% regularly

    Board of Directors

    Mudassir H. Khan
    Chairman BOD
    SEVP & Group Chief, Commercial & Retail Banking Group, NBP
    Tahira Raza
    President/CEO FWBL
    Naheed Ishaq
    Deputy Economic Adviser Finance Division
    Government of Pakistan
    Nausheen Ahmad
    Head Legal & Company Secretary, HBL
    Asif Saeed Sindhu
    SEVP/ Chief Financial Officer, UBL
    Malik A. Waheed
    SEVP/ Advisor to the Chairman, MCB
    Rukhsana Shah
    Independent Director
    Ghulam Kazim Hosein
    Independent Director

    Management Team

    Tahira Raza
    President/CEO
    Naushaba Shahzad
    Head Risk Management & Credit
    Wajahat Aziz Qureshi
    Treasurer & Head Business Development
    Faisal Jan Sarhindi
    Chief Financial Officer
    Muhammad Saleem Shaffi
    Head Operations
    Kashif Karimi
    Head IT
    Ayesha Menai
    Head Human Resource
    Mehwish Khan
    Head Audit
    Shaheen Zamir
    SVP/ Head Marketing & PR / Spokesperson
    Zarina Sial
    Head Compliance
    Yasmin Rizvi
    Head Credit Administration
    Ameena Farooq
    Head Administration

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