MNT-Halan acquires struggling Pakistani microfinance bank: Fintech leader MNT-Halan has fully acquired Advans Pakistan Microfinance Bank (APMBL) after the transaction received final approvals from the State Bank of Pakistan and the Competition Commission of Pakistan, Wamda reports. The terms of the agreement remain undisclosed, but it entails the purchase of 100% of APMBL from the Luxembourg-headquartered Advans Group.

About the bank: APMBL received its microfinance banking license from the State Bank of Pakistan in 2021 and has since compiled losses of PKR 1.3 bn (c. USD 4.7 mn) — accounting for over 65% of the company’s share capital.

The latest from MNT-Halan: Its consumer finance arm Halan closed an EGP 971.5 mn securitized bond issuance, the third and final of an EGP 3 bn securitization program in January.

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