Get the latest news and updates from Dawn
Eighteen months ago, we acquired a broken bank. Since then, through our secured lending model and digital-first strategy, we have successfully turned the bank around in record time, delivering substantial profitability and creating a strong foundation for sustainable growth.
Our ambition is clear; to build Pakistan’s leading digital-first bank under the State Bank of Pakistan’s Branchless Banking (BB) license, serving the financial needs of the masses through technology, innovation and responsible banking.
The shareholders have been unequivocal from day one that if we are to build a sustainable and scalable digital banking operation, strong capitalisation is non negotiable. Banking is fundamentally a business of trust, and trust is underpinned by capital. A strong capital base not only enables growth but also provides resilience, enhances confidence among regulators and customers, and creates the capacity to invest continuously in technology, innovation and financial inclusion.
Our strategy in the short to medium term is therefore to strengthen the bank’s capital base through multiple sources. We began this journey with significant Tier 1 capital injections by the incoming shareholders. Today, following the bank’s remarkable turnaround, sustained profitability and growing market confidence, we believe the time is right to take the next step in our journey by listing ABHI Bank on the Pakistan Stock Exchange and raising approximately PKR 2–3 billion in growth capital through an Initial Public Offering (IPO).
