PROFILPELAJAR.COM

First Women Bank
Company type	Unlisted public company
Industry	Banking; Capital Markets
Founded	December 2, 1989; 35 years ago
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)
Operating income	Rs. 457.354 million (US$1.6 million) (2023)
Net income	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.com.pk
	Footnotes / references; Financials as of 31 December 2023

First Women Bank Limited (FWBL) is a Pakistani state-owned commercial bank for women with headquarters in Karachi.^[2]

History

The blueprint for infrastructure of the Bank was designed by Akram Khatoon. She presented it in 1988 to then Prime Minister Benazir Bhutto, who approved to set up the bank in December 1988.^[3] The bank was incorporated with a paid up capital of PKR 100 million which was subscribed by the state-owned banks.^[4]^[5] Its original charter mandated that the bank would employ women and extend small business loans exclusively to women.^[5] he first branch of the bank was opened in Karachi in December 1989, and by 1991, it had 15 branches throughout the country.^[5]

Ownership

The Government 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 and Allied Bank Limited.^[4]

Privatisation

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]