ISLAMABAD, January 13, 2025 – The Competition Commission of Pakistan (CCP) has approved the acquisition of a 94.8% stake in FINCA Microfinance Bank Limited by TPL Corp Limited and ABHI (Private) Limited.
This significant transaction approved by the CCP will transfer ownership of the bank from its current shareholders to the acquirers under a structured sale agreement.
FINCA Microfinance Bank, a licensed institution regulated by the State Bank of Pakistan (SBP), has been a key player in providing microfinance services to underserved communities. Its current shareholders include FINCA Microfinance Coöperatief U.A., International Finance Corporation (IFC), Triodos Fair Share Fund, and Acumen Pakistan—all organizations with a strong focus on sustainable development and investment in emerging markets.
Under the terms of the Sale and Purchase Agreement, TPL Corp Limited will acquire a 33.17% stake, while ABHI (Private) Limited will secure the remaining 61.61% of the shares. This division of ownership reflects a collaborative approach by the two entities, each bringing distinct expertise to the table.
The CCP conducted a comprehensive competition assessment of Pakistan’s microfinance lending services market to evaluate the transaction’s potential impact. Its findings confirmed that the acquisition would not create a dominant market position for TPL Corp or ABHI, ensuring that the competitive dynamics of the sector remain intact.
TPL Corp Limited is a publicly listed investment company with diverse operations spanning insurance, real estate, security, asset tracking, and technology startups. The company’s strategic investments aim to drive innovation and growth across multiple sectors. On the other hand, ABHI (Private) Limited is a licensed private enterprise specializing in investment finance services, operating under Pakistan’s non-banking finance company regulations.
The acquisition approved by the CCP is expected to enhance the operational and financial strength of FINCA Microfinance Bank, enabling it to expand its outreach and service quality. By leveraging the strategic and financial capabilities of the new shareholders, the bank aims to reinforce its mission of fostering financial inclusion in Pakistan.
This approval marks a significant step forward for both the acquirers and FINCA Microfinance Bank, aligning with broader objectives to promote sustainable economic growth through inclusive financial services.