{"id":27535,"date":"2024-03-16T10:47:34","date_gmt":"2024-03-16T10:47:34","guid":{"rendered":"https:\/\/pakistanintheworld.pk\/live\/?p=27535"},"modified":"2024-03-16T10:47:34","modified_gmt":"2024-03-16T10:47:34","slug":"netherlands-company-acquires-pakistani-microfinance-bank-ccp-authorizes-the-deal","status":"publish","type":"post","link":"https:\/\/pakistanintheworld.pk\/live\/netherlands-company-acquires-pakistani-microfinance-bank-ccp-authorizes-the-deal\/","title":{"rendered":"Netherlands Company Acquires Pakistani Microfinance Bank – CCP Authorizes the Deal"},"content":{"rendered":"
\"\"Islamabad, 14 March 2024: Its may be just a coincidence that a company of Netherlands has acquired a Pakistani Bank exactly in the same days when financial crisis ridden country have appointed a finance minister who is the citizen of Netherlands. Whatever the nature of deal is, and even the CCP approves it, this news will be read with Mohammad Aurangzeb’s assumption as FM Pakistan last week who resumed his citizenship as well along with his posting as Finance Minister.<\/strong> <\/em><\/span><\/h5>\n
The Competition Commission of Pakistan (CCP) has approved the acquisition of Advans Pakistan Microfinance Bank Limited by a Dutch-based holding company, MNT\u2013Halan Pak B.V. This transaction marks a significant development in the microfinance banking sector of Pakistan.<\/h5>\n
MNT \u2013 Halan Pak B.V. is a holding company incorporated in the Netherlands, with a presence in Pakistan through its subsidiaries, Halan Wallet (Private) Limited and Halan Finance Limited. On the other hand, Advans Pakistan Microfinance Bank Limited is a public limited company operating in the microfinance banking sector of Pakistan.<\/h5>\n
The acquisition involves the purchase of 100% shareholding of Advans Pakistan Microfinance Bank Limited from Advans S.A SICAR, a Luxembourg-based financial services company. Following a thorough review of the pre-merger application, the CCP determined that there are no overlaps between the merging parties, and the market conditions will remain unchanged post-merger.<\/h5>\n
The approval of this acquisition is significant for Pakistan’s microfinance banking sector, which plays a crucial role in the country’s financial inclusion agenda. According to the World Bank, the sector serves 76% of all borrowers from the financial sector and accounts for approximately a third of all outstanding agriculture advances.<\/strong><\/em><\/h5>\n
Foreign investment in this sector is expected to bring in new technologies, innovative products, and improved services, benefiting both the industry and the consumers.<\/h5>\n

MALE PRESIDENT ILLEGALLY RULES THE FIRST WOMAN BANK – FWB DUMPING GROUND OF REJECTED STAFF OF ASKARI BANK ?<\/a><\/p><\/blockquote>\n