Mobilink Bank to Acquire 82.51% Stake in Apna Microfinance Bank

Mobilink Bank has signed a Sale Purchase Agreement (SPA) to acquire an 82.51% shareholding in Apna Microfinance Bank Limited, the bank announced. The transaction remains subject to applicable legal and regulatory approvals before it can be completed.

The proposed acquisition is described as an extension of Mobilink Bank's "Growth with Purpose" strategy, which the institution says reflects its focus on responsible growth, financial inclusion and a more resilient banking ecosystem. The move is intended to strengthen Mobilink Bank's position within Pakistan's banking sector.

According to the announcement, the deal is designed to safeguard the interests of Apna Bank's depositors, preserve stakeholder confidence and create a stronger institutional base for sustainable growth. Apna Bank customers are expected to retain continued access to their accounts and services throughout the transaction.

Once completed, Apna Bank customers would join a larger institution with a nationwide presence, Islamic banking offerings and access to an expanded digital financial services ecosystem powered by JazzCash. Mobilink Bank said the combination is intended to deliver a more secure and convenient banking experience for customers.

Aamir Ibrahim, Chairman of Mobilink Bank and CEO of JazzWorld, said the group has been building a broad financial services ecosystem in Pakistan, spanning JazzCash payments, JazzSure Insurance (formerly TPL Insurance), FikrFree and Mobilink Bank. He said each business complements the others and brings the group closer to a Pakistan where every citizen has access to the financial tools needed to grow.

Haaris M. Chaudhary, President and CEO of Mobilink Bank, said the bank has developed strong digital capabilities, scale and customer reach over time. He added that the priority is to ensure continuity for Apna Bank customers and make their transition into a larger, more future-ready institution as seamless as possible through close coordination across teams.