{"id":393872,"date":"2024-03-15T04:14:52","date_gmt":"2024-03-14T23:14:52","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=393872"},"modified":"2024-03-15T04:14:52","modified_gmt":"2024-03-14T23:14:52","slug":"dutch-company-to-take-of-pak-bank","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/dutch-company-to-take-of-pak-bank\/","title":{"rendered":"Dutch company to take of Pak bank"},"content":{"rendered":"<p> ISLAMABAD<br \/>\nThe Competition Commission of Pakistan (CCP) has approved the acquisition of Advans Pakistan Microfinance Bank Limited by a Dutch-based holding company, MNT\u2013Halan Pak B.V.<br \/>\nThis transaction marks a significant development in the microfinance banking sector of Pakistan.<br \/>\nMNT \u2013 Halan Pak B.V. is a holding company incorporated in the Netherlands, with a presence in Pakistan through its subsidiaries, Halan Wallet (Private) Limited and Halan Finance Limited.<br \/>\nOn the other hand, Advans Pakistan Microfinance Bank Limited is a public limited company operating in the microfinance banking sector of Pakistan.<br \/>\nThe acquisition involves the purchase of 100% shareholding of Advans Pakistan Microfinance Bank Limited from Advans S.A SICAR, a Luxembourg-based financial services company.<br \/>\nFollowing a thorough review of the pre-merger application, the CCP determined that there are no overlaps between the merging parties, and the market conditions will remain unchanged post-merger.<br \/>\nThe approval of this acquisition is significant for Pakistan\u2019s microfinance banking sector, which plays a crucial role in the country\u2019s financial inclusion agenda.<br \/>\nAccording to the World Bank, the sector serves 76% of all borrowers from the financial sector and accounts for approximately a third of all outstanding agriculture advances.<br \/>\nForeign investment in this sector is expected to bring in new technologies, innovative products, and improved services, benefiting both the industry and the consumers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD The Competition Commission of Pakistan (CCP) has approved the acquisition of Advans Pakistan Microfinance Bank Limited by a Dutch-based holding company, MNT\u2013Halan Pak B.V. This transaction marks a significant development in the microfinance banking sector of Pakistan. MNT \u2013 Halan Pak B.V. is a holding company incorporated in the Netherlands, with a presence in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-393872","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dutch company to take of Pak bank<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/dutch-company-to-take-of-pak-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dutch company to take of Pak bank\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD The Competition Commission of Pakistan (CCP) has approved the acquisition of Advans Pakistan Microfinance Bank Limited by a Dutch-based holding company, MNT\u2013Halan Pak B.V. This transaction marks a significant development in the microfinance banking sector of Pakistan. 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