Business Desk 
Jan 24, 2025
TPL Corp Limited (TPL), a Pakistani financial platform in collaboration with Abhi Private Limited has completed the acquisition of a majority shareholding in FINCA Microfinance Bank Limited.
The development came months after both entities secured the State Bank of Pakistan (SBP) approval to acquire up to 94.8% stakes in FINCA Microfinance Bank Limited in November 2024.
On January 13, 2025, the Competition Commission of Pakistan (CCP) also approved the acquisition of a majority stake in FINCA banking institution.
According to Business Recorder, the development was brought to light by TPL Corp, TPL Group's investment holding company, in a notice to the Pakistan Stock Exchange (PSX) on Friday.
“In continuation to our earlier announcement dated November 12, 2024, we are pleased to announce that the acquisition of majority shareholding in FINCA Microfinance Bank Limited by TPL Corp Limited along with Abhi (Private) Limited has been successfully completed,” read the notice sent to the PSX.
This transaction marks a significant development in Pakistan’s microfinance sector, as the two banking giants took over the bank’s existing shareholders, including FINCA Microfinance Coöperatief UA and International Finance Corporation (IFC), a non-profit corporation based in Washington DC, US.
Under the agreement, TPL Corp will secure 33.17% of FINCA Microfinance Bank’s shares, while ABHI Limited will acquire a majority stake of 61.61%.
The FINCA Microfinance Bank Limited was launched on June 26, 2008, and obtained the license from the SBP in August 2008 to operate its banking business.
