VEON's Mobilink Bank signs deal for 82.5% stake in Apna Microfinance Bank

VEON's Pakistani banking subsidiary Mobilink Microfinance Bank has signed a share purchase agreement for an 82.5% stake in Apna Microfinance Bank. The deal is subject to regulatory approvals. VEON will disclose the price and capital needs later. Apna Bank has over 70 branches focused on agriculture and small business lending.