Advans Pakistan Microfinance Bank (Advans Pakistan MFB) is the sixth greenfield of the group. Advans Pakistan launched its activity on January 04, 2013 in Mehmoodabad, Karachi.

Created in April 2012, Advans Pakistan MFB is 70% held by its founder shareholder Advans SA, and 30% by FMO, the Netherlands Development Finance Company. Total share capital amounts to PKR 800 million, about EUR 6.5 million at current exchange rate. Advans Pakistan MFB has also received support from the Financial Inclusion Programme, implemented by the State Bank of Pakistan with support of the UK Department for International Development.

As a registered microfinance bank, Advans Pakistan MFB offers a complete range of financial services to micro, small and medium-sized enterprises (MSMEs): loans to MSMEs from PKR 10,000 (about EUR 80) to PKR 150,000 (about EUR 1,250) and current and savings accounts for both individuals and MSMEs. Additional services such as cheque clearing and SMS mobile banking notifications should be launched within the next few months.

NEWS


Most innovative Enhanced Credit Cover and Credit Health being launched in Pakistan

Credit Health being launched in Pakistan:

Shadman Town Permanent Booth Opening:

February, 2014 - Advans Pakistan MBL opened its 1st Permanent Booth in Shadman Town #2. The Permanent Booth will provide easier access to our clients living in Shadman, New Karachi & Buffer Zone.

 

 

Advans Pakistan Awarded the "Pricing Transparency" award by Pakistan Microfinance Network & Microfinance Transparency..Click here

 

Advans Pakistan Launched 3rd Branch at Nazimabad # 3:

July 11, 2013 - Advans Pakistan MBL opened its Gole Market Branch and further expanding its branch network in Karachi. This became the 3rd branch after 6 months of operations in Pakistan. The branch is located in Gole Market, Block-3E, Nazimabad #3.

Advans Pakistan Launched 2nd Branch at Lasbela:

March 28, 2013 – Advans Pakistan MBL is pleased to add another branch to its local network.  This became the second branch after 3 months of operations in Pakistan. The branch is located close to Lasbela chowk on  Nishter Road.


Advans Pakistan Microfinance Bank Limited Launched its Operations

January 04, 2013 – Advans Pakistan Microfinance Bank Limited is pleased to open its 1st branch in Mehmoodabad # 3, Karachi.

 

Read Press Release

The News:

ww.thenews.com.pk/Todays-News-3-152253-Advans-Pakistan-Microfinance-Bank-to-start-business

SBP Press Release:

www.sbp.org.pk/press/2013/Advans-03-Jan-13

Dawn News:

www.dawn.com/2013/01/08/advans-pakistan

Express Tribune:

www.tribune.com.pk/story/488739/microfinance-new-bank-to-start-business-from-today

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