Microfinance Bank

Abhi Microfinance Bank Overview

History, ownership, leadership, and key facts about the digitally-led microfinance bank formed from the 2025 Abhi–TPL Corp acquisition of FINCA Microfinance Bank.

Incorporated 26 Jun 2008
Rebranded Jan 2025
Last Verified: Sep 4, 2026
SBP-Licensed MFB

Written & reviewed by Dildar Hussain — 10+ years in Pakistani banking, BS Banking & Finance (NUML University)

Abhi Microfinance Bank is what most people are actually searching for once they've come across it referenced alongside FINCA Microfinance Bank, its former name. Every fact below traces back to an official source — the bank's own disclosures, SBP filings, and verified press coverage — not marketing copy.

Abhi Microfinance Bank Limited is a State Bank of Pakistan-licensed deposit-taking microfinance bank, majority-owned by fintech group Abhi (Private) Limited together with TPL Corp Limited. Worth clearing up: it's not the same entity as the "Abhi" fintech app that employers use for Earned Wage Access. That's a separate, related business under the same ownership group.

What follows is what's actually verifiable: how the bank was formed, who owns and runs it, the size of its branch network, and what its recent financials show. All of it traces to primary sources, not aggregator guesswork.

Abhi Microfinance Bank at a Glance

Incorporated: 26 June 2008
Rebranded As Abhi: 17 Jan 2025
Head Office: S.A. House, D-12 Markaz, Islamabad
Credit Rating: PACRA BBB+/A-3 (Negative); VIS A-/A2 (Rating Watch – Developing)
Net Equity (31 Dec 2025): -Rs 397.35 million
CAR (31 Dec 2025): -20.28% (req. 15%)
Branch Network: 114+ branches
Coverage: 100+ cities, 6 provinces/regions
Regulator: State Bank of Pakistan
Majority Owner: Abhi (Private) Limited
Co-Shareholder: TPL Corp Limited

As an SBP-licensed microfinance bank, Abhi's deposit-taking, capital adequacy, and consumer-protection obligations sit under the same central-bank oversight described on SBP's own site — a different regulatory track from Abhi's non-bank fintech products.

Branch figures from Abhi Microfinance Bank's Q1 2026 unaudited financial statements (period ended March 31, 2026, Note 39). Incorporation date, PACRA credit rating, net equity, and CAR confirmed from the Bank's FY2025 audited financial statements (Note 1 and Note 45). VIS credit rating confirmed from VIS Credit Rating Company's Microfinance Sector Update, May 2026.

History: From FINCA to Abhi

The bank was incorporated as a public limited company on 26 June 2008. It picked up its microfinance banking license from SBP on 12 August 2008, and its certificate of commencement of business from SECP on 4 September 2008 — confirmed by SBP on 27 October 2008. For most of its life it operated as FINCA Microfinance Bank Limited. Earlier company and press materials trace the network back to Kashf Microfinance Bank, though the Bank's own audited financials skip the Kashf name entirely and start the entity's history at its 2008 incorporation.

Under a Share Purchase Agreement signed 20 September 2024 with FINCA Microfinance Cooperatief U.A. — the then-majority shareholder — control and ownership passed jointly to Abhi (Private) Limited and TPL Corp Limited. The bank was rebranded Abhi Microfinance Bank Limited and its registered office moved to Plot No. 12, S.A. House, D-12 Markaz, Islamabad. As part of the deal, FINCA Microfinance Cooperatief U.A. also handed over Rs. 600 million to the Bank on 17 January 2025 as a non-repatriable capital contribution — no strings attached, no ongoing obligation back to FINCA.

Incorporation, licensing, and acquisition details confirmed directly from Abhi Microfinance Bank's FY2025 audited financial statements, Notes 1 and 24.

Ownership: Who Owns Abhi Microfinance Bank?

As at 31 December 2025, the audited shareholding stood at 834,888,711 total ordinary shares: Abhi (Private) Limited held 591,149,827 (70.81%), TPL Corp Limited held 210,619,137 (25.23%), and Kashf Holdings (Private) Limited held 33,119,747 (3.97%) — a stake Kashf Holdings had kept unchanged since before the acquisition. That changed mid-2026: per a Share Purchase Agreement dated 8 June 2026, Abhi (Private) Limited and TPL Corp Limited jointly acquired Kashf Holdings' entire remaining stake — Abhi (Private) Limited taking 24,419,420 shares and TPL Corp Limited taking 8,700,327. The result: Abhi (Private) Limited's holding rose to 73.73%, TPL Corp Limited's rose to 26.27%, and the two now collectively hold 100% of the Bank's issued share capital. Abhi (Private) Limited is a Pakistani fintech founded in 2021 by Omair Muzzaffar Ansari (CEO) and Ali Muhammad Raza, built originally around Earned Wage Access, payroll, and SME financing. TPL Corp Limited is led by CEO Ali Jameel.

31 December 2025 shareholding confirmed from Abhi Microfinance Bank's FY2025 audited financial statements. June 2026 ownership change confirmed from a PSX notice seeking public comments on the Bank's draft IPO prospectus.

Leadership & Governance

The signature block on the FY2025 audited financials listed a "Chief Executive Officer (Acting)" without naming who that was. The Bank's official leadership page now closes that gap: Muhammad Farooq Kamran, the Chief Financial Officer, is named as Acting CEO. Beyond that, the board and executive bench is drawn largely from the two controlling shareholders plus outside professionals, all confirmed and named on that same leadership page:

Board of Directors

Atif Riaz Bokhari

Independent Director & Chairman. 40 years in banking, including a decade as President/CEO of United Bank Limited and CEO/President of Askari Bank Limited until May 2024.

Omair Ansari

Director. CEO & Co-Founder of Abhi (Private) Limited, the bank's majority shareholder.

Ali Ladhubhai

Director.

Jehangir Shah

Director. Nominee Director of Abhi (Private) Limited on the Bank's board since January 2025; also Independent Director/Chairman of the Board of Abhi (Private) Limited itself since April 2024. 40+ years in banking, including Deputy Managing Director at Pak Oman Investment Company.

Khursheed Kotwal

Independent Director. Fellow Chartered Accountant; former Vice President of ICAP (2024-25); former Corporate Finance Director & Chief Auditor at Unilever Pakistan.

Ammara Masood

Independent Director. CEO of Ndc Tech (a Systems Limited subsidiary); Independent Director at Central Depository Company; SECP Policy Board member.

Pavel Khristolubov

Director. Fintech executive with COO roles at DXC Luxoft, Tinkoff Group, and Kuda Bank.

Shareholder Representative

Kabeer Naqvi

Entrepreneur in Residence, Abhi Fintech UAE. Principal advisor on the FINCA acquisition; represents shareholders on the Board and mentors the executive team. Previously President & CEO of U Microfinance Bank.

Management Team

Muhammad Farooq Kamran

Chief Financial Officer, currently also serving as Acting CEO. Finance professional with 19+ years' experience in treasury, ALM, and structured debt raising.

Mariam Pervaiz

Chief Innovation & Financial Inclusion Officer. Played a lead role in structuring TPL and Abhi's acquisition of the bank; previously Chief Commercial Officer and Acting President/CEO at U Microfinance Bank.

Atif Aziz Ahmed

Chief Technology Officer. 30+ years in IT leadership across financial institutions including Khushhali Bank and Telenor Microfinance Bank.

Mubashar Shahani

Chief Compliance Officer. Chartered Accountant (FCA); previously Chief Internal Auditor at U Microfinance Bank.

Manzoor Ahmed Janjua

Chief Legal & Business Support Officer. Joined the Bank in 2009 — a rare pre-acquisition holdover role.

Syed Mohammed Ali Raza

Chief Strategy Officer. 25+ years across investment management, corporate finance, and fintech; previously Director – Corporate Finance at Abhi (Pvt.) Limited.

Sardar Hasan Raza

Chief People & Culture Officer. 20+ years in HR across banking, FMCG, telecom, and aviation, including MCB Bank and Jazz.

Shareholder Leadership

Ali Muhammad Raza

Co-Founder of Abhi (Private) Limited, the bank's majority shareholder.

Ali Jameel

CEO, TPL Corp Limited — the bank's second-largest shareholder.

All named roles and bios confirmed directly from Abhi Microfinance Bank's official "Our Leadership" page (abhibank.com/leadership), including the Acting CEO designation.

Before the acquisition — at 31 December 2024 — the bank's 634,888,711 shares were split between FINCA Microfinance Cooperatief U.A. (548,498,653 shares, 86.4%), Kashf Holdings (Private) Limited (33,119,747 shares, 5.22%), International Finance Corporation (30,771,739 shares, 4.85%), Triodos Fair Share Fund (17,368,319 shares, 2.74%), and Acumen Fund (5,130,253 shares, 0.81%).

Abhi's non-bank fintech products, Abhi Salary (Earned Wage Access) included, sit outside the bank as a separate part of the group. The bank's ultimate parent is Abhi Limited, registered at 190 Elgin Avenue, George Town, Grand Cayman KY1-9008, Cayman Islands.

Shareholding pattern for both years confirmed directly from Abhi Microfinance Bank's FY2025 audited financial statements, Note 23.3.

Financial Turnaround & Regulatory Standing

Before the acquisition, FY2024 closed with a loss after tax of Rs. 1,753.52 million. FY2025 audited results tell a different story: a profit after tax of Rs. 1,019.12 million, the bank's best year on record, with total assets nearly doubling from Rs. 40.35 billion to Rs. 77.07 billion and deposits climbing from Rs. 36.23 billion to Rs. 69.09 billion. Total income — net mark-up plus non-mark-up income — came in at Rs. 7.29 billion, up from Rs. 2.55 billion the year before.

Despite that profit, audited net equity was still negative — Rs. 397.35 million as at 31 December 2025, though that's an improvement from negative Rs. 4,029.87 million the year before. That's below the Rs. 1,000 million Minimum Capital Requirement, and the Capital Adequacy Ratio (CAR) stood at -20.28% against a required 15%. That combination is what triggered the auditor's "Material Uncertainty relating to Going Concern" paragraph, even though the opinion itself wasn't modified. By the unaudited quarter ended 31 March 2026, net equity had turned positive to Rs. 2,262.00 million — mostly because SBP allowed a Rs. 2 billion advance against share issuance to be classified within equity — though CAR was still below the regulatory minimum at -14.84%. Deposits stood at Rs. 69.22 billion and total assets at Rs. 80.55 billion as at that date, with 114 branches still running.

Financial figures and capital-adequacy disclosures confirmed directly from Abhi Microfinance Bank's FY2025 audited financial statements (Notes 1.1 and 45) and Q1 2026 unaudited interim financial statements (Notes 1.1 and 34).

By mid-2026, the bank had begun preparing for a Pakistan Stock Exchange listing — roughly 14% in new shares, targeting PKR 2–3 billion (an estimated $7–11 million) in proceeds.

Digital Products

ABHIBank App

The bank's mobile and digital banking app for account opening, balances, e-statements, bill payments, and money transfers.

ABHI Bank App (formerly ABHI Pay)

A digital wallet built for everyday transactions — bill payments, mobile top-ups, and instant transfers. Renamed and redesigned in July 2026.

Abhi Salary (EWA)

Earned Wage Access, offered to employees of Abhi's corporate partners through the group's broader fintech products.

Recent Highlights

The Bank's H1 2026 audited results (six months to 30 June 2026) now supersede most of what was previously the "latest milestone" here: deposits reached PKR 86.19 billion (audited) — ahead of the Rs. 90 billion figure the Bank had floated in an earlier, undated social media announcement, and well past the Rs. 69.22 billion reported in the unaudited Q1 2026 accounts cited elsewhere on this page. Profit after tax hit PKR 1.502 billion for the half-year alone, already exceeding all of FY2025. Full breakdown on our Financial Results page.

Two further milestones from the Bank's own recent announcements: Abhi Microfinance Bank's Digital Gross Loan Portfolio (GLP) — lending originated and managed through digital channels — has crossed PKR 7 billion, part of the broader digital-first push described throughout this page. And on the community side, the Bank partnered with Young Leaders Connect (YLC) 3.0, a leadership conference that brought together 80 emerging leaders from across Pakistan.

H1 2026 results confirmed from Abhi Microfinance Bank's official audited results, as reported by ProPakistani and Daily Times, August 18, 2026. Digital GLP and YLC 3.0 confirmed from the Bank's official social media announcements.

Good For

Researching Abhi Microfinance Bank's ownership, leadership, and formation before opening an account
Understanding the FINCA-to-Abhi transition and what changed after the acquisition
Confirming who currently owns and directs the bank
Getting a fast, sourced answer instead of a marketing summary

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For independent verification, see State Bank of Pakistan, Abhi Microfinance Bank – Our History, Abhi (Private) Limited.