News and Events
Launch of New Loan Products
Advans Pakistan offers new loans products that includes Advans Tijarat business loan and Advans Sona Sarmaya Gold Bullet loan
Launch of Advans ATM card
The first phase of Alternative Delivery Channel project has been successfully launched on 4 Jan 2016, includes ATM Card facility which allows clients to withdraw cash and make balance inquiry 24/7 from any of the 10,000 ATMs across the country, and additional SMS facilities are also available.
Town hall meeting in Oct 2015
A Town Hall meeting was organized to provide Advans Pakistan's staff with an opportunity to interact with senior management. At the end of the meeting staff enjoyed a dinner with the Chairman, CEO and the management of Advans Pakistan.
New deposit account offers
Advans Pakistan successfully launched its new deposit accounts offers i.e. Advans Asaan Current Account and Advans Micro saving Account effective from 1st October 2015. For detail please visit or contact your nearest Advans Pakistan Branch.
Opening of Saddar Branch
Advans Pakistan Microfinance Bank is pleased to announce the opening of its new branch in Saddar Town area, Karachi.
Insurance claims successfully approved
Advans Pakistan Microfinance delivers the best against the quality services to its clients, three claims have been approved in just five months. The claims were logged by the clients or their spouses.
Inauguration of the Gulshan-e-Iqbal Sales and Service Center on 31st March 2015
Advans Pakistan Microfinance Bank is pleased to announce the opening of its Sales and Service Center at Gulshan-e-Iqbal, Karachi on 31st March 2015. It is linked to its Gole Market Branch. The sales and service center aims to facilitate its existing and new customers by providing Loan Application and product information services thus enhancing the bank’s outreach as well as contribution toward microfinance sector in Karachi.
Revision of Credit Cover Scheme
Advans Pakistan Microfinance Bank has revised its Credit Cover Scheme for its new clients. Advans Pakistan will now only be offering life and disability benefits to its clients registered from 1st April 2015.
Advans Pakistan Microfinance Bank signs agreement with Avanza Solutions
Advans Pakistan Microfinance Bank signed an agreement with Avanza Solutions, enabling Advans Pakistan to offer Alternate Delivery Channels in order to provide convenient and cost effective services to its clientele. Mahmood Kapurwala, Chief Executive Office, Avanza Solutions commented, “We are pleased to join hands with Advans Pakistan Microfinance Bank; they have done a remarkable job in terms of reaching out to poor masses. We hope to help them in achieving even greater objectives with our solutions.” Tariq Khan Baluch, CEO, Advans Pakistan said, “Advans Pakistan has a long term commitment to Pakistan and endeavors to increase its outreach to its target market the missing middle through efficient and cost effective methodologies. In line with this strategy the Bank is embarking on Alternate Delivery Channels and partnering with relevant players to implement such initiatives. These initiatives / partnerships will help provide quality services to our clients, while helping Advans Pakistan increase its outreach.” The Bank has partnered with Avanza for implementation of the following: Rendezvous will lay the foundation of middleware infrastructure at Advans Pakistan, integrating with the front-end channels, back-end host, and external systems. Vision will serve as the card production, reporting and monitoring tool providing customer, and channel and transaction level monitoring functionality. Unison will provide the bank a unified view on the agents desktop and facilitate the operations by streamlining its complaint management process at all customer touch points (call center, branches, and tellers). The solution will also integrate with the CTI/IVR to provide phone banking services.
Advans group reaches half a million clients:
Advans Group reached a milestone of 500,000+ clients. All affiliates celebrated the event on 25th September, 2014. Mr Tariq Baluch (CEO, Advans Pakistan) addressed all the employees of Advans Pakistan at the occasion. Mr Claude Falgon’s (CEO of Horus and Executive Director of Advans SA) congratulated the entire staff on being part of the milestone achieved by all affiliated financial institutions of Advans group worldwide. “We are proud to say that our affiliates are able to reach out to over half a million clients across Africa and Asia, providing access to financial services for MSMEs who have previously had limited or no access to formal banking services. In catering for these MSMEs, the Advans group hopes that it can encourage both economic and social development in the countries in which it operates. This milestone achievement has been made possible through the hard work of our dedicated staff and the continued support of our shareholders and we will continue to work together in the future to reach out to those who are excluded from traditional banking systems.”
Advans Pakistan Launches Sona Sarmaya Loan-Gold Loan:
Advans Pakistan launched Advans Sona Sarmaya from 15th September, 2014. Advans Sona Sarmaya loan ranges from Rs 10,000 to Rs 250,000 and it is being offered for a period of 3 months to 12 months. Zaroorat Bhi Poori - Sona Bhi Mehfooz. No Guarantor required – Quick processing – Your Gold is secure.
Innovative enhanced credit cover launched by Advans Pakistan
Advans Pakistan Microfinance Bank Ltd has partnered with Micro Ensure Pakistan and EFU Life to launch an innovative Enhanced Credit Cover for its borrowers providing unique risk protection never heard before in Pakistan. The cover settles loan in the event of death or disability of a borrower paying an additional sum to the borrower's family. Loan is also paid off in the event of sudden death of the borrower’s spouse. The cover is backed by Micro Ensure’s operational efficiency which ensures excellent customer service. EFU Life is a leading private sector life insurance company with a rich history of over 20 years. The Company has an IFS rating of AA and the strongest financial base in the private sector.
Advans Pakistan Awarded the "Pricing Transparency" award by Pakistan Microfinance Network & Microfinance Transparency
Commencement of Business
The State Bank of Pakistan (SBP) has allowed the commencement of business to Advans Pakistan Microfinance Bank Limited from January 4, 2013. The Advans Pakistan Microfinance Bank Limited has been licensed to operate in the province of Sindh. Initially, the bank will start its operations with one branch in Karachi. With the commencement of business by Advans Pakistan Microfinance, the number of microfinance banks operating in the country will rise to ten, which includes Khushhali Bank Ltd., the First Microfinance Bank Ltd., Tameer Microfinance Bank Ltd., Pak Oman Microfinance Bank Ltd., NRSP Microfinance Bank Limited, KASHF Microfinance Bank Ltd., APNA Microfinance Bank Ltd., Waseela Microfinance Bank Limited and Rozgar Microfinance Bank Ltd. The SBP in its statement said that the commencement of business of Advans Pakistan Microfinance Bank Limited will result in a significant increase in the market share of regulated microfinance banks within the overall microfinance sector.