Karachi, Pakistan – In a significant move to enhance financial inclusion in the country, ABHI and TPL Corp Limited have officially launched ABHI Microfinance Bank, following the acquisition of FINCA Microfinance Bank. The strategic collaboration has received approvals from the State Bank of Pakistan (SBP) and the Competition Commission of Pakistan (CCP), marking a milestone in Pakistan’s evolving financial landscape.
To commemorate the launch, ABHI and TPL Corp hosted an exclusive event attended by international investors, industry leaders, financial experts, and key stakeholders. The gathering provided a platform to showcase the collective vision of the three entities in reshaping Pakistan’s financial ecosystem.
Jameel Ahmed, Governor of the State Bank of Pakistan, emphasized the significance of this acquisition, stating, “This marks a crucial step in strengthening Pakistan’s financial ecosystem and expanding access to credit for unserved and underserved communities. Collaborations like these play a vital role in driving financial inclusion and empowering individuals and businesses across the country.”
A major highlight of the event was the unveiling of the official logo of ABHI Microfinance Bank, symbolizing a new era of financial empowerment. The launch underscores the bank’s commitment to utilizing technology and strategic partnerships to provide innovative and accessible financial solutions tailored to Pakistan’s evolving needs.
The event featured insightful discussions on the future of microfinance, digital banking, and financial accessibility, with prominent speakers including:
- Jameel Ahmed, Governor, State Bank of Pakistan
- Omair Ansari, Co-Founder & CEO, ABHI
- Dave Nangle, Managing Partner, VEF
- Atif Bokhari, Chairman of the Board, ABHI Microfinance Bank
- Muhammad Aminuddin, CEO, TPL Insurance & Director, ABHI Microfinance Bank
With this acquisition, ABHI Microfinance Bank aims to revolutionize financial accessibility in Pakistan, unlock new economic opportunities, and empower individuals and businesses nationwide. The partnership between ABHI and TPL Corp is set to redefine the financial landscape, leveraging digital solutions to extend financial services to underserved communities.
