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Halan Microfinance Bank has received a significant capital injection of Rs. 1.425 billion (approximately USD 5 million) from its parent company, MNT-Halan Pak B.V., a Netherlands-based entity. This follows the bank’s rebranding from Advans Pakistan Microfinance Bank Limited after MNT-Halan’s acquisition in March 2024.
The fresh capital aims to support Halan’s ambitious expansion strategy, which includes opening 75 new business units across Pakistan. Already, five new branches have been launched in Sindh, and 25 service centers are slated to become operational in 2025.
To comply with the State Bank of Pakistan (SBP)‘s regulatory requirements, the bank has increased its authorized capital from Rs. 2 billion to Rs. 5 billion. In 2024, shareholders injected Rs. 825 million to meet these requirements and offset anticipated losses. An additional USD 10 million investment is planned to upgrade the bank’s technological infrastructure and core banking system.
Despite these developments, Halan reported a loss after tax of Rs. 727.3 million in 2024, up from Rs. 329.9 million in 2023. The increase is attributed to the restructuring of operations post-acquisition, leading to a temporary contraction in the bank’s primary revenue streams.
With a total shareholder injection of Rs. 5 billion, Halan Microfinance Bank is poised for significant growth, aiming to enhance financial inclusion and digital banking services across Pakistan.
