The Competition Commission of Pakistan (CCP) has granted approval for the acquisition of Advans Pakistan Microfinance Bank Limited by Dutch-based holding company MNT–Halan Pak BV, marking a significant milestone in Pakistan’s microfinance banking sector.
MNT–Halan Pak BV, a Netherlands-incorporated holding company, operates in Pakistan through its subsidiaries, Halan Wallet (Private) Limited and Halan Finance Limited. Meanwhile, Advans Pakistan Microfinance Bank Limited is a public limited company operating in the microfinance banking sector of Pakistan.
The acquisition entails the purchase of 100% shareholding of Advans Pakistan Microfinance Bank Limited from Advans S.A SICAR, a Luxembourg-based financial services company.
Following a comprehensive review of the pre-merger application, the CCP concluded that there are no overlaps between the merging parties, ensuring that market conditions will remain unchanged post-merger.
The approval of this acquisition holds significant implications for Pakistan’s microfinance banking sector, which plays a vital role in the country’s financial inclusion agenda. With the sector serving 76% of all borrowers and accounting for approximately a third of all outstanding agriculture advances, foreign investment in this sector is poised to introduce new technologies, innovative products, and enhanced services, benefiting both industry stakeholders and consumers alike.
Pakistan is expected to witness the sacrifice of more than 6.97 million animals during Eid-ul-Adha…
Pakistan's two IT entrepreneurs-- Mehwish Salman Ali and Malik Mudassir—will receive funding of $10 million…
Spotify has announced a major milestone for 2025 - 10 years of Fresh Finds, the…
Sindh’s Minister for Law and Home Affairs, Ziaul Hassan Lanjar, has approved sweeping changes to…
Today, the world is changing rapidly more so than ever before with disruptive technological development…
Aeon & Trisl Real Estate Group has once again claimed the coveted title of Emaar’s…
This website uses cookies.