House Building Finance Company (HBFC), Pakistan’s leading specialized housing finance institution, has officially inked a Term Finance Facility Agreement with HBL, the country’s leading bank. In a landmark move, HBL becomes the first commercial bank to extend a PKR 1 billion facility to HBFC over 5 years, specifically designated for the expansion of HBFC’s home finance portfolio. This collaboration aims to facilitate HBFC in achieving its mission of providing accessible and affordable housing loans to its target clientele.
Faisal N. Lalani, Head of International Banking at HBL, highlighted the significance of the alliance, stating, “HBL consistently seeks opportunities for meaningful collaboration. We recognize HBFC as a trustworthy partner for fostering growth in the housing finance sector. This partnership underscores our shared commitment to advancing housing finance solutions in the country, contributing to overall development.”
Imran Ahad, Managing Director & CEO of HBFC, expressed gratitude to HBL for the financing arrangement, emphasizing its positive impact on the relationship between the two organizations. The favorable terms of the agreement are expected to enhance HBFC’s efforts in expanding its Home Finance offerings to a broader client base.
