LOLC Microfinance Bank

LOLC Microfinance Bank is a leading financial institution operating as a Public Limited Company in Rawalpindi, Pakistan. As a listed company, it provides a wide range of banking services to individuals, small businesses, and micro-entrepreneurs.

The bank is committed to promoting financial inclusion and empowering marginalized communities through innovative financial products and services. With a strong focus on microfinance, LOLC Microfinance Bank aims to bridge the gap between traditional banking services and the underserved population in Pakistan.

Through its network of branches and digital platforms, LOLC Microfinance Bank offers various financial products such as savings accounts, loans, insurance, and remittances. The bank also provides financial literacy programs and capacity-building initiatives to educate and empower its customers for sustainable economic growth.

With a team of experienced professionals and a customer-centric approach, LOLC Microfinance Bank is dedicated to serving the financial needs of its clients while contributing to the overall development of the community. The bank's mission is to create a financially inclusive society where everyone has access to affordable and reliable financial services.

LOLC Microfinance Bank was formerly known as Pak Oman Microfinance Bank Limited (the Bank) that was incorporated on 09 March 2006 as a public limited company under Companies Ordinance, 1984 (Repealed with the enactment of the Companies Act, 2017 on 30 May 2017) and was granted a license by the State Bank of Pakistan (SBP) on 12 April 2006.

The Bank received the certificate of commencement of business on 06 May 2006, effective from 08 May 2006. The Bank’s principal business is to provide microfinance services to the poor and underserved segment of society as envisaged under the Microfinance Institutions Ordinance, 2001. The registered office of the Bank is situated at, D-7 Parveen Building Shahed-e-Millat Road, Block A, Bangalore Town, Karachi. As of January 2023, the Bank has 84 branches and service centers in operation in all provinces of Pakistan, and Azad Jammu & Kashmir, and Gilgit Baltistan, including the Federal Capital Islamabad, and is licensed to operate nationwide.

The Shareholders of the Bank entered into an agreement dated October 26, 2021, with LOLC Asia Private Limited, the Parent Company, who in lieu of the agreement acquired 100% of the stake in the Bank. The approval of foreign equity injection was obtained from the State Bank of Pakistan where LOLC Holdings PLC through its fully owned subsidiary LOLC Asia Private Limited has acquired 100% equity in the shareholding of Pak Oman Microfinance Bank Limited in January 2022.

JCR-VIS has determined the Bank’s medium to long-term rating as ‘A-‘ and the short-term rating as ‘A-2’.