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. The 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.
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 Mobilink Bank, said, “Mobilink Bank has built strong digital capabilities, scale and customer reach over time. As 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.”
Commenting on the development, Nazish Ali, Acting CEO of Apna Bank, said: “This 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. Equally important, our priority throughout this journey will remain the interests of our customers, depositors, employees and other stakeholders, while ensuring continuity of service.”
