Islamabad
\nMobilink 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.
\nThe proposed acquisition is an extension of Mobilink Bank\u2019s \u201cGrowth with Purpose\u201d strategy, reflecting our commitment to responsible growth, financial inclusion, and a stronger, more resilient banking ecosystem.
\nThe transaction reinforces Mobilink Bank\u2019s position as a trusted leader in the banking sector. The transaction is aimed at safeguarding the interests of Apna Bank\u2019s depositors, preserving stakeholders\u2019 confidence, and creating a stronger institutional foundation for sustainable growth.
\nIt also underscores Mobilink Bank\u2019s commitment to contributing meaningfully to the stability, resilience, and continued evolution Pakistan\u2019s financial sector.
\nThe agreement was formally signed by Haaris M. Chaudhary, President & CEO, Mobilink Bank, and Muhammad Akram Shahid, Chairman, Apna Bank, in the presence of senior leadership from both institutions and JazzWorld, underscoring the strategic significance of the transaction.
\nUpon completion of the transaction, Apna Bank\u2019s customers will become part of a larger, financially resilient institution, with continued access to their accounts and services throughout the transaction.
\nThey will benefit from Mobilink Bank\u2019s 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.
\n\u201cWe have been building the foundation of a comprehensive financial services ecosystem for Pakistan, from JazzCash\u2019s extensive reach in payments to JazzSure Insurance (formerly TPL Insurance) and FikrFree\u2019s 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.
\nEach of these businesses complements the others, and together they bring us closer to a Pakistan where every citizen, regardless of where they live or how they earn a living, has access to the financial tools they need to grow,\u201d said Aamir Ibrahim, Chairman, Mobilink Bank and CEO, JazzWorld.
\nSpeaking on the SPA signing, Haaris M. Chaudhary, President and CEO Mobilink Bank, said, \u201cMobilink Bank has built strong digital capabilities, scale and customer reach over time.
\nAs a customer-first organization, our focus is to ensure continuity for Apna Bank customers and make their transition into a larger, more future-ready institution as seamless as possible, supported by close coordination across teams throughout the process.\u201d
\nCommenting on the development, Nazish Ali, Acting CEO of Apna Bank, said: \u201cThis agreement marks the beginning of an important new chapter for Apna Bank. We believe that becoming part of Mobilink Bank will provide our customers with access to broader capabilities, stronger digital infrastructure and an expanded range of financial services.
\nEqually important, our priority throughout this journey will remain the interests of our customers, depositors, employees and other stakeholders, while ensuring continuity of service.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
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\u2019s \u201cGrowth with Purpose\u201d strategy, reflecting our commitment to responsible growth, …<\/p>\n","protected":false},"author":4,"featured_media":105903,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-105925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/105925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/comments?post=105925"}],"version-history":[{"count":1,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/105925\/revisions"}],"predecessor-version":[{"id":105940,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/105925\/revisions\/105940"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media\/105903"}],"wp:attachment":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media?parent=105925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/categories?post=105925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/tags?post=105925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}