KARACHI / ISLAMABAD — Mobilink Bank, one of the largest microfinance Banks in Pakistan, has signed a Sale Purchase Agreement (SPA) to acquire 82.51% shareholding in Apna Microfinance Bank Limited (Apna Bank), subject to applicable legal and regulatory approvals. The proposed acquisition is an extension of Mobilink Bank’s “Growth with Purpose” strategy, reflecting our commitment to responsible growth, financial inclusion, and a stronger, more resilient banking ecosystem.
The transaction reinforces Mobilink Bank’s position as a trusted leader in the banking sector. The transaction is aimed at safeguarding the interests of Apna Bank’s depositors, preserving stakeholders’ confidence, and creating a stronger institutional foundation for sustainable growth. It also underscores Mobilink Bank’s commitment to contributing meaningfully to the stability, resilience, and continued evolution Pakistan’s financial sector.
Upon completion of the transaction, Apna Bank’s customers will become part of a larger, financially resilient institution, with continued access to their accounts and services throughout the transaction. They will benefit from Mobilink Bank’s broader nationwide presence, Islamic Banking offerings, and access to an expanded digital financial services ecosystem powered by JazzCash, creating a more secure, convenient, and future-ready banking experience. “We have been building the foundation of a comprehensive financial services ecosystem for Pakistan, from JazzCash’s extensive reach in payments to JazzSure Insurance (formerly TPL Insurance) and FikrFree’s modern insurance offerings in a market where insurance penetration remains considerably low, and now Mobilink Bank, which extends that same ambition into banking for agriculture and micro-enterprises.