Islamabad, May 26, 2025: Halan Microfinance Bank has received a fresh capital investment of Rs1.425 billion (approximately USD 5 million) from its new shareholders company, MNT Halan Pak B.V., a Netherlands-registered firm that recently took over the bank from Advance S.A. Sicar.
According to the financial statement for the closing year 2024, the microfinance bank received an additional Rs600 million in early 2025 from the parent company as part of a strategic push to expand its presence by launching 75 new business units over the coming months.
By the end of 2024, five new branches had already been established in Sindh, and the bank secured regulatory clearance for 25 low-cost service centers in the province. These service points are scheduled to begin operations within the current year, helping to broaden the bank’s customer base and increase outreach in underserved areas.
In line with its long-term vision to broaden its national footprint, the bank’s new shareholders have increased its authorized capital from Rs. 2 billion to Rs. 5 billion. This increase is made to ensure full compliance with the Capital Adequacy Ratio (CAR)and Minimum Capital Requirement (MCR) set by the State Bank of Pakistan, while also supporting the institution’s future ambitions.
Last year, the new shareholders infused Rs. 825 million to meet regulatory. The company is also committed to invest $10 million in its banking system in the next few years.
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Overall, the shareholders’ investment in microfinance bank has reached Rs. 5 billion, which demonstrate the shareholders’ strong commitment to the Bank’s financial stability. During the year 2024, the microfinance bank reported a loss after tax of Rs. 727.3 million, compared to Rs. 329.9 million recorded in 2023.
On March 20, 2024, MNT Halan Pak B.V., a company registered in the Netherlands, finalized the acquisition of 100% shareholding of ADVANS Pakistan Microfinance Bank Limited. On September 16, 2024, the bank was officially renamed “Halan Microfinance Bank Limited.”
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As of December 31, 2024, the bank’s authorized capital increased to Rs. 5 billion as whereas, paid up capital was increased to Rs. 2.870 billion by issuance of right shares of Rs. 825 million. The bank met the minimum capital requirement set by the State Bank with a capital adequacy ratio of stood at 15.30%.
Looking ahead, the bank is also pursuing a comprehensive digital plan inspired by the success of its parent company, MNT Halan, in Egypt. The bank is currently serving 50,000 customers, with a goal to reach 0.2 million citizens by 2025.
