House Building Finance Company
House Building Finance Company Limited (HBFCL), previously known as House Building Finance Corporation (HBFC), is a Pakistani housing finance company which is a subsidiary of State Bank of Pakistan. Founded in 1952, it is based in Karachi, Pakistan.[1][2]
| Government | |
| Industry | Banking |
| Founded | 1952 |
| Headquarters | , |
| Products | Home Financing |
| Parent | State Bank of Pakistan |
| Website | www |
The company was incorporated as a corporation on 25 July 2007 and is jointly owned by and Government of Pakistan (62.50%) and the State Bank of Pakistan (37.50%).[1] On 18 February 2011 the name of House Building Finance Corporation was changed to House Building Finance Company Limited under section 39 of the Companies Ordinance 1984.
References
- "Welcome to House Building Finance Company". www.hbfcl.com.
- "HBFC has become bankrupt on account of low recovery of loans: minister". www.thenews.com.pk.
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