KARACHI: After a strong performance in 2021 and beside its ambitious expansion and diversification plan in 2022, Advans Pakistan pursues its transformation with the opening of its new head office in Karachi Pakistan, on Wednesday.
The launch event was attended by the senior representatives of industry, regulatory bodies and microfinance sector, customers of Advans Pakistan, media and others.
Speaking at the opening ceremony CEO Advans Pakistan, Mr. Guillaume VALENCE said that as a Group, Advans is an international venture, backed by multilateral and national development organisations (EIB, IFC, KfW, AFD, CDC, FMO), and its main objective is to positively impact lives of small business owners by providing them effective financial services, including business loans, and therefore contribute to economic growth and employment of its countries of operations.
In Pakistan, Advans is operating under SBP’s regulation for Microfinance Bank. The Pakistani subsidiary has recently accelerated its expansion with multiple branches opened in Sindh in 2021 and 2022 and an ambitious national expansion plan starting in 2023. In addition, Advans Pakistan has started diversifying its activities in order to better serve agri-business owners and its services and channels to support its clients in their daily business and personal lives. As an employer, Advans is currently recruiting at high pace to support its growth plans, and investing massively in its talents to develop its future managers. Advans has great development and expansion plans in Pakistan and ambition to become the preferred financial institution of small businesses in Pakistan.
Advans Pakistan Microfinance Bank Ltd. was incorporated in 2012 as a 6th Greenfield of Advans Group and was granted a license by the State Bank of Pakistan to operate as a microfinance bank in the province of Sindh. The bank’s aim is to become the preferred banking partner of small businesses in Pakistan as well as provide a range of financial services to the poor and underserved segment of the society as envisaged under the Microfinance Institutions Ordinance, 2001.
With presence in 10 countries, Advans Group continues to build a model group of financial institutions which contribute to strengthening local small businesses, creating a sustaining jobs and improving clients’ living standards to foster private sector led economic and social development in Africa, Middle East and Asia.
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