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ABHI, in collaboration with TPL Corp Limited, has officially rebranded FINCA Microfinance Bank as ABHI Microfinance Bank following the acquisition of its stake. The relaunch marks a strategic move to expand financial services and strengthen the microfinance sector.
This strategic collaboration, which has been approved by the Competition Commission of Pakistan (CCP) and the State Bank of Pakistan (SBP), represents a substantial stride toward the redefinition of financial inclusion in the nation. An exclusive event was hosted by ABHI and TPL Corp Limited, which brought together international investors, industry leaders, financial experts, and key stakeholders.
The event functioned as a platform to emphasize the three entities’ shared vision for the financial landscape of Pakistan. While emphasizing Pakistan’s significantly enhanced macroeconomic indicators, Jameel Ahmed, Governor of the State Bank of Pakistan, stated, “This acquisition marks a significant step toward 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.”
The launch of the official logo of ABHI Microfinance Bank, which represents a new era of financial empowerment and inclusion, was a significant highlight of the event. The bank’s dedication to offering innovative financial solutions that are accessible and customized to the changing requirements of Pakistan is evident in the launch, which is a testament to its dedication to utilizing technology and partnerships.
The future of microfinance, digital banking, and financial accessibility were the subjects of insightful discussions at the event. Jameel Ahmed, Governor of the State Bank of Pakistan; Omair Ansari, Co-Founder and CEO of ABHI; Dave Nangle, Managing Partner of VEF; Atif Bokhari, Chairman of the Board at ABHI Microfinance Bank; and Muhammad Aminuddin, CEO of TPL Insurance and Director of ABHI Microfinance Bank, were among the distinguished speakers.
The financial accessibility of Pakistan is about to be revolutionized by the partnership between ABHI and TPL Corp. With this acquisition, ABHI Microfinance Bank is on the brink of a significant transformation in financial accessibility, the emergence of new economic opportunities, and the empowerment of individuals and enterprises across the country.
