VEON’s Mobilink Microfinance Bank Signs Share Purchase Agreement for 82.5% Stake in Apna Microfinance Bank
Key Highlights
- ➤Mobilink Bank signs SPA for 82.5% stake in Apna Microfinance Bank
- ➤Apna Bank’s over 70 locations will join Mobilink Bank’s nationwide network
- ➤Transaction requires State Bank of Pakistan and competition regulator approvals
- ➤Consideration and anticipated capital requirements will be disclosed after approvals
- ➤VEON Digital Financial Group serves 59 million active financial services customers
Expert Statements
Kaan Terzioglu, Group Chief Executive Officer of VEON
“Pakistan remains a high-growth market for VEON. This agreement brings together Mobilink Bank’s digital capabilities and Apna Bank’s experience serving agriculture, and micro-enterprises, creating an opportunity to reach more underserved communities. Our focus is on disciplined investment, responsible growth and sustainable value for customers and shareholders”
Haaris M. Chaudhary, President and Chief Executive Officer of Mobilink Bank
“This agreement reflects Mobilink Bank’s confidence in Pakistan’s financial sector and our commitment to prudent, well-governed growth. Our focus is on expanding financial inclusion, enabling small businesses and creating wider economic opportunity across the country, while ensuring a seamless integration as the transaction progresses”
Agreement advances Mobilink Bank’s “Growth with Purpose” strategy and extends VEON’s continued investment in Pakistan’s digital financial services sector
New York, Dubai and Islamabad, November 13, 2026 – VEON Ltd. (Nasdaq: VEON), a global digital operator, today announced that its banking subsidiary in Pakistan, Mobilink Microfinance Bank (“Mobilink Bank”), has signed a Share Purchase Agreement (SPA) for 82.5% shareholding in Apna Microfinance Bank Limited (“Apna Bank”). The agreement is subject to regulatory approvals, including from the State Bank of Pakistan and the Competition Commission of Pakistan. VEON will communicate the transaction’s consideration and anticipated capital requirements once these approvals are obtained.
Get started
Create a free account to read the full story.