Financial Results

First Women Bank Total Assets & Financials

Total assets, profit/loss, and the PACRA rating upgrade that followed FWBL's 2026 change of ownership — from the bank's own audited and interim financial statements.

• PACRA: A / A1
• Not PSX-listed

Written & reviewed by Dildar Hussain — 10+ years in Pakistani banking, BS Banking & Finance (NUML University) — Last verified: 2026-09-07

Not to be confused with: First Women's Bank, an unrelated fintech based in Chicago, Illinois, USA. This page covers First Women Bank Limited (FWBL), the Pakistani commercial bank headquartered in Karachi.

First women bank total assets and revenue figures are not published on a stock exchange ticker, because FWBL is not PSX-listed — it was a state-owned institution until 2026 and is now privately held by a UAE investor. The numbers below come directly from FWBL's own audited annual and unaudited interim financial statements, filed with and formatted per State Bank of Pakistan requirements — the most authoritative source available for the bank's financial condition.

What Are First Women Bank's Latest Financial Results?

Figures drawn directly from FWBL's Condensed Interim Financial Statements for the period ended March 31, 2026 (unaudited, board-authorized June 18, 2026) and the audited annual financial statements for the year ended December 31, 2025. Full-year 2025 profit is derived from the Statement of Changes in Equity's cumulative profit entries for that year.

Does FWBL Have a Capital Shortfall?

FWBL's own interim financial statements disclose that the Bank's Minimum Capital Requirement (MCR) — paid-up capital net of accumulated losses — stood at PKR 2.146 billion as of March 31, 2026, against the PKR 3 billion SBP requires the Bank to maintain at all times. That's a shortfall of roughly PKR 0.85 billion (it was a smaller PKR 0.70 billion shortfall at the end of 2025). Because of this, FWBL's financial statements include a formal note on the Bank's ability to continue as a going concern. The Bank states this assessment rests on financial support from its new parent company, IHC (via Eve Holding RSC Limited), including equity injections, alongside the Bank's own efforts to improve operational efficiency. This condition — and the parent-company support it depends on — is a genuinely material fact for anyone evaluating FWBL as a bank, not a technicality, and it's disclosed by the Bank itself, not alleged by a third party.

Why Did PACRA Upgrade FWBL's Rating?

PACRA's June 2026 rating action explicitly links the upgrade to First Women Bank's ownership change, not to an improvement in earnings — and FWBL's own subsequent financial statements bear that out, showing a net loss for the first quarter of 2026 and an ongoing capital shortfall (see above). The agency's report notes that the ratings reflect the bank's transition from a state-owned institution to one strategically backed by Abu Dhabi-based International Holding Company (IHC), through its subsidiary Eve Holdings RSC Limited, and that IHC was, as of the report date, still in the process of acquiring the remaining minority stake in the bank.

Rating rationale confirmed from PACRA's official rating report RR_146_15969, dated June 24, 2026.

Good For

• Understanding FWBL's real balance-sheet size and current profitability
• Knowing about FWBL's capital shortfall and going-concern disclosure before opening an account
• Confirming FWBL is not PSX-listed, unlike Pakistan's larger commercial banks
• Tracking how the 2026 privatization is reflected in official ratings and financials

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For independent verification, see State Bank of Pakistan, PACRA, and First Women Bank Ltd.