About us

About Us

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Limited (the Bank) that was incorporated on 09 March 2006 as a public limited company under Companies Ordinance, 1984 (Repealed with the enactment of the Companies Act, 2017 on 30 May 2017) and was granted a license by the State Bank of Pakistan (SBP) on 12 April 2006.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

The bank was officially renamed from Pak Oman Microfinance Bank to LOLC Microfinance Bank on 1 January 2023. Over time, the bank has established a prominent position in the market with 87 branches and service centres across the country. JCR-VIS has assigned the Bank a medium to long-term rating of “A-” and a short-term rating of “A-2”.

About the LOLC Group

A Formidable dynamic and progressive globally diversified conglomerate, LOLC Holdings has strategically diversified into key economic growth sectors. Across every one of our broad spectra of businesses – we have always assured innovative solutions that share growth, value, and progress with our stakeholders.

As a leading player in the International MSME sector, the LOLC Group has been a catalyst in facilitating, whilst striving to maximize environmental benefits through green financing, promoting financial independence for women and uplifting customers from poverty through financial inclusion in global markets. In keeping with its alignment to UN Sustainable Development Goals, LOLC is a catalyst of economic development as a responsible lender while maintaining strong client protection principles.

Our Board of Directors

Experienced leadership professionals

We take great pleasure in introducing our team of directors, who have years of expertise in the financial industry and are dedicated to the development of the bank and the well-being of society.

Non Executive Director

Mr. F. Kankanamalage Conrad Prasad Niroshan Dias is the Director LOLC Holdings PLC / Chairman...

Independent Director

Mr. Muhammad Aslam by profession is a Corporate Governance Lawyer. Presently working as Director Legal...

Chief Executive Officer

Mr. Farooq Rashid brings over 25 years of rich experience working in Microfinance Industry as...

Our Management

Get to know our team

Our Team of Management are highly skilled professionals who are committed to helping you achieve your financial goals.

Chief Operating Officer ( COO )

With years of distinguished service in the banking industry, Mr. Ilsam, embodies expertise, knowledge and...

Chief Commercial Officer

Mr. Nizar brings with him around 23 years of experience in field of Retail Sales,...

Head – Collection & Recovery

Mr. Arsalan brings with him around 18 years of experience in the field of Business,...

Head of Risk and Acting Head of Compliance

Having worked in the banking industry for over eighteen years, Muhammad Abid has a proven...

Company Secretary

Experienced Corporate and Commercial legal professional with a demonstrated history of working in the legal...

Our Vision:

To be a leading Micro Finance Bank of Pakistan, providing financial solutions to the poor masses for alleviation of poverty.

Our Mission:

To create quality and sustainable income generating opportunities for the poor people of Pakistan, particularly women with a focus to bring visible change in their lives through quality and innovative micro finance services.

Corporate Values:

  • Honesty & integrity as cornerstone of all business activities.
  • Functioning as a dynamic & Closely-integrated team.
  • Strong, Diverse & Respectful Stakeholder Relationships.