Posted Jul 25, 2017 8 views
- To perform a weekly review of the situation of all existing or upcoming loans in event of default (serious overdue status)
- To make sure the recovery procedures are applied by the Recovery unit staff as well as the branch staff
- To check the defaulting clients files that come in for completeness and to take actions to improve their quality if needed (missing or unsigned documents, ..)
- To take concerted decisions with BMs on which clients and guarantors to seize - decisions based on different criteria (passing of Event of Default deadline, payment history, respect or breach of contract)
Job Details
Advans Pakistan Microfinance Bank Limited
Advans Pakistan Microfinance Bank (Advans Pakistan MFB) is the sixth greenfield of the group. Advans Pakistan launched its activity on January 04, 2013 in Mehmoodabad, Karachi. Created in April 2012, Advans Pakistan MFB is 70% held by its founder shareholder Advans SA, and 30% by FMO, the Netherlands Development Finance Company. Total share capital amounts to PKR 800 million, about EUR 6.5 million at current exchange rate. Advans Pakistan MFB has also received support from the Financial Inclusion Programme, implemented by the State Bank of Pakistan with support of the UK Department for International Development. As a registered microfinance bank, Advans Pakistan MFB offers a complete range of financial services to micro, small and medium-sized enterprises (MSMEs): loans to MSMEs from PKR 10,000 (about EUR 80) to PKR 150,000 (about EUR 1,250) and current and savings accounts for both individuals and MSMEs. Additional services such as cheque clearing and SMS mobile banking notifications should be launched within the next few months.
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