VEON’s Mobilink Bank agrees to buy 82.5% stake in Apna Microfinance Bank
VEON•VEON’s Pakistani subsidiary Mobilink Microfinance Bank signed an agreement to acquire an 82.5% stake in Apna Microfinance Bank. The deal requires regulatory approvals, and its consideration and anticipated capital requirements will be disclosed after approval.
1. Agreement signed
Mobilink Microfinance Bank signed a share purchase agreement to acquire 82.5% of Apna Microfinance Bank, subject to regulatory approvals. Apna’s more than 70 business locations will join Mobilink Bank’s nationwide network, expanding its reach into agriculture and small-business lending.
