TPL Corp Limited (TPL), a leading Pakistani financial platform, and Abhi (Private) Limited (Abhi) have successfully acquired majority ownership of FINCA Microfinance Bank Limited. The announcement was made by TPL Corp, the investment holding company of the TPL Group, in a notice to the Pakistan Stock Exchange (PSX) on Friday.

The notice stated, “In continuation to our earlier announcement dated November 12, 2024, we are pleased to announce that the acquisition of majority shareholding in FINCA Microfinance Bank Limited by TPL Corp Limited along with Abhi (Private) Limited has been successfully completed.”

FINCA Microfinance Bank Limited, established on June 26, 2008, received its banking license from the State Bank of Pakistan (SBP) on August 12, 2008. The bank’s holding company is FINCA Microfinance Coöperatief U.A, while its ultimate parent organization is FINCA International, Inc., a not-for-profit corporation based in Washington, DC, USA.

The acquisition process began in September 2024, when TPL and Abhi entered into a Share Purchase Agreement (SPA) with FINCA Microfinance Coöperatief U.A to jointly acquire the bank. At the time, TPL described the acquisition as a significant step toward expanding financial services across Pakistan and advancing financial inclusion in the country.

In November 2024, TPL Corp and Abhi received approval from the State Bank of Pakistan to acquire up to 94.8% shareholding in FINCA Microfinance Bank Limited, paving the way for the completion of the transaction.