Mobilink Bank, a leading microfinance bank in Pakistan, has signed a Sale and Purchase Agreement (SPA) to acquire an 82.51% stake in Apna Microfinance Bank, pending legal approvals. This acquisition aligns with Mobilink Bank’s growth and financial inclusion goals, strengthening its position in the sector.

Once finalized, Apna Bank’s customers will transition to a larger, resilient institution, maintaining access to their accounts and benefiting from Mobilink Bank’s expanded nationwide presence and digital services through JazzCash. Aamir Ibrahim, Chairman of Mobilink Bank, said the initiative aims to provide comprehensive financial services to all citizens, regardless of location or livelihood.

Haaris M. Chaudhary, President and CEO of Mobilink Bank, emphasized the commitment to ensuring a seamless transition for Apna Bank’s customers. Nazish Ali, Acting CEO of Apna Bank, noted that joining Mobilink Bank will enhance customer capabilities while prioritizing the interests of all stakeholders throughout the process.