Name Change to “Halan Microfinance Bank Limited” Takes Effect from September 16, 2024, Signaling a New Chapter for the Institution
KARACHI: ADVANS Pakistan Microfinance Bank Limited renamed to “Halan Microfinance Bank Limited” with effect from September 16, 2024.
In exercise of the powers conferred on the State Bank of Pakistan (SBP) under the Microfinance Institutions Ordinance No. LV of 2001, the SBP has notified that the name of “ADVANS Pakistan Microfinance Bank Limited” has been changed to “Halan Microfinance Bank Limited” with immediate effect.
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Halan Microfinance Bank Limited (formerly, ADVANS Pakistan Microfinance Bank Limited), is operating with 19 branches since 2012.
Did you know about MNT-Halan?
MNT-Halan, Egypt’s first unicorn, was founded in 2018 in Egypt, with a mission to revolutionize access to financial services through technology. Serving millions, MNT-Halan’s transformative digital platform improves lives by creating convenient, seamless, and cost-effective financial solutions for people and aspiring businesses. Committed to innovation and simplicity for everyday life, MNT-Halan believes financial access enables people to fulfill their dreams.
The MNT-Halan digital ecosystem includes small and micro-business lending, payments, consumer finance, and e-commerce. With +1.5 million quarterly active users, MNT-Halan disbursed over 3.5Bn in loans and served more than 7 million customers in Egypt, of which 5 million are financial clients and 3 million are borrowers. MNT-Halan holds the micro, consumer, and nano finance licenses from the Financial Regulatory Authority and the first independent electronic wallet license from the Central Bank of Egypt to disburse, collect and transfer money digitally through mobile applications.
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