February 09, 2026 (MLN): APNA Microfinance Bank Limited (PSX:AMBL) has received a copy of the approval from the State Bank of Pakistan to allow due diligence by Mobilink Microfinance Bank Limited with a view to a possible merger or acquisition.

The approval was granted through SBP letter dated February 06, 2026, addressed to the President and Chief Executive Officer of Mobilink Microfinance Bank Limited.

According to the SBP letter, the central bank has allowed Mobilink Microfinance Bank to conduct due diligence of APNA, subject to compliance with applicable laws, rules, and regulations.

In case of successful due diligence and negotiations, APNA shall be merged with and into Mobilink under Section 48 of the Banking Companies Ordinance, 1962.

The due diligence team is required to sign confidentiality undertakings, with copies to be submitted to SBP.

The approval for due diligence is valid for a period of two months from the date of the letter, until approximately April 06, 2026.

The SBP has clarified that this approval for due diligence does not constitute final approval for the acquisition or merger.

Any final request for merger or acquisition will be considered separately on merit, including a satisfactory funding plan, and SBP may impose conditions as deemed appropriate.

Depositors' funds of neither bank shall be used for the proposed transaction at any stage.

The development is at a preliminary stage and does not have any immediate impact on the financial position or operations of the Company, according to the company's statement issued today.

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