Mobilink Bank has signed a Sale Purchase Agreement (SPA) to acquire an 82.51 per cent shareholding in the PSX-listed Apna Microfinance Bank Limited (Apna Bank), subject to applicable legal and regulatory approvals. The agreement was signed on Thursday by Mobilink Bank President and Chief Executive Haaris M. Chaudhary and Apna Microfinance Bank Chairman Muhammad Akram Shahid.
Neither bank disclosed the specific transaction amount. Mobilink Bank stated the proposed acquisition is an extension of its “Growth with Purpose” strategy, which focuses on responsible growth, financial inclusion, and building a more resilient banking ecosystem. The bank stated the transaction is intended to safeguard Apna Bank’s depositors, preserve stakeholder confidence, and create a stronger foundation for sustainable growth.
Upon the completion of the transaction, Apna Bank’s customers will become part of Mobilink Bank. The bank stated that customers will maintain continued access to their accounts and services throughout the transition. They will gain access to Mobilink Bank’s nationwide presence, Islamic Banking offerings, and a digital financial services ecosystem powered by JazzCash.
Aamir Ibrahim, Chairman of Mobilink Bank and CEO of JazzWorld, said the acquisition extends the group’s financial services footprint—which includes JazzCash, JazzSure Insurance, and FikrFree—into banking for agriculture and micro-enterprises. Ibrahim stated that these businesses complement each other to bring Pakistan closer to a point where every citizen has access to the financial tools they need to grow.
Haaris M. Chaudhary stated that Mobilink Bank has built strong digital capabilities and scale over time. He said the bank's focus is to ensure continuity for Apna Bank customers and make their transition into a larger institution as seamless as possible through close coordination across teams.
Nazish Ali, Acting CEO of Apna Microfinance Bank, said the agreement marks the beginning of an important new chapter for the bank. Ali stated that becoming part of Mobilink Bank will provide customers with access to broader capabilities, stronger digital infrastructure, and an expanded range of financial services.
