Mobilink Microfinance Bank, a subsidiary of VEON Ltd., has signed an agreement to acquire an 82.5% stake in Apna Microfinance Bank, pending regulatory approvals. This acquisition will expand Mobilink Bank's branch network and enhance its offerings in Islamic banking and digital financial services, particularly targeting underserved rural communities and small businesses in Pakistan. The move supports VEON's strategy to grow its digital financial ecosystem in Pakistan, combining payments, insurance, and banking services. The integration aims to increase financial inclusion and economic opportunities across the country.
Mobilink Microfinance Bank's acquisition news comes with Pluang's Financials sector data for context. As of Nov 13, 2026 10:01 WIB, 22 of 142 Financials stocks rose, while 119 fell. Notable movers include CRCL at USD 62.89 with a -6.30% change and 100% buy order activity, LU at USD 6.62 down 6.16% with 99% sell orders, and UPST at USD 19.30 down 6.13% with 100% buy orders.
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