Bank Management

The Bank's Management strives to operate in accordance with the highest levels of international corporate governance, and is committed to the development of local leadership capacity and indigenous administration that respect and appreciate these same standards. The Management Team comprises an expatriate CEO and CFO, working in collaboration with local heads of Microfinance, Business Development and Human Resources.

Board of Directors

The Board is comprised of representatives from the various shareholders and convenes 4 times a year to set the strategic direction for the Bank. The Boards approval is required for all of the Banks official policies. It has approved Operating Policy Guidelines which define the general principles under which the Bank is managed.


The Bank is fully committed to the maintenance of fiscal transparency. The Bank's financial statements are in accordance with International Financial Reporting Standards (IFRS) and are audited annually in accordance with International Standards of Auditing (ISA). For the last two years the external audit has been carried out by the Pakistani firm of A.F. Ferguson (an affiliate of PricewaterhouseCoopers). In addition to IFRS compliance, the Bank also seeks to meet the supplementary requirements laid out in the Disclosure Guidelines published by the Consultative Group to Assist the Poor (CGAP), which is affiliated with the World Bank. The Bank is a member of the CGAP MixMarket and posts its financial and performance data on their website annually.

FMFB on the MixMarket

Balance Sheet (31.12.2008):
- Loan Portfolio: US 32.5 million
- Total Assets: US 43.5 million
- Total Deposits: US 13 million
- Total Equity: US 6 million

Key Ratios (31.12.2008):
-Debt/Equity Ratio:5.93%
-ROA (Q3 Annualized):-1.34%
-ROE (Q3 Annualized):-7.97%