Mobilink Microfinance Bank to Acquire Majority Stake in Apna Microfinance Bank

Mobilink Microfinance Bank, a subsidiary of VEON Ltd., has signed an agreement to acquire an 82.5% shareholding in Apna Microfinance Bank Limited. This strategic move aims to expand Mobilink Bank's financial services network, particularly targeting rural and underserved communities in Pakistan. The acquisition is contingent upon receiving necessary regulatory approvals.