Halan Microfinance Bank Secures Rs. 1.4 Billion Boost
Summary
Halan Microfinance Bank has received a fresh capital injection of Rs. Additionally, it has secured regulatory approval for 25 low-cost service centers in Sindh, which are expected to go live in 2025.To support its growth ambitions, the bank raised its authorized capital from Rs. The parent company has also announced plans to inject $10 million into Halans banking infrastructure over the coming years. 5 billion has been committed, with further equity inflows expected.Halan reported a loss after tax of Rs. This increase was attributed to a strategic restructuring process undertaken by the new management, which led to a temporary contraction in loan disbursement, one of the banks main revenue streams.Inspired by its parent company, MNT Halans digital success in Egypt, the bank is now rolling out a comprehensive digital roadmap to modernize its services.