Mobilink Bank to acquire 82.51pc stake in Apna Bank
ISLAMABAD: Mobilink Bank has signed a Sale Purchase Agreement (SPA) to acquire 82.51 percent 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. Each 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,“ said Aamir Ibrahim, Chairman, Mobilink Bank and CEO, JazzWorld.
Speaking on the SPA signing, Haaris M Chaudhary, President and CEO of Mobilink Bank, said, “Mobilink Bank has built strong digital capabilities, scale and customer reach over time. As a customer-first organisation, 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.”
Copyright Business Recorder, 2026