CCP approves acquisition of 94.8% stake in FINCA Microfinance Bank

ISLAMABAD: The Competition Commission of Pakistan (CCP) has given its approval for the acquisition of a 94.8% stake in FINCA Microfinance Bank Limited by TPL Corp Limited and ABHI (Private) Limited. The current shareholders of the bank include FINCA Microfinance Coöperatief U.A., International Finance Corporation (IFC), Triodos Fair Share Fund, and Acumen Pakistan.

According to the Sale and Purchase Agreement, TPL Corp Limited will take over 33.17% of the shares, while ABHI (Private) Limited will acquire 61.61% of the bank’s equity.Investor Confidence: Veon Group injects USD 15 million in Mobilink Bank to fuel growth and tech advancement

During its competition evaluation, the CCP analyzed the market for microfinance lending services in Pakistan. It concluded that this transaction would not create a dominant position for the acquiring entities.

TPL Corp Limited is a publicly traded investment company with diversified interests in sectors such as insurance, real estate, security services, asset tracking, and technology startups. On the other hand, ABHI (Private) Limited is a licensed private company providing investment finance services under Pakistan’s non-banking finance company regulations.

FINCA Microfinance Bank Limited operates as a licensed microfinance bank regulated by the State Bank of Pakistan (SBP). The selling parties—FINCA Microfinance Coöperatief U.A., IFC, Triodos Fair Share Fund, and Acumen Pakistan—are organizations committed to sustainable investments and development in emerging markets.