ISLAMABAD: Mobilink Bank closed the year 2023 with a significant 36% of its total loan portfolio and a noteworthy MSME (Micro, Small, and Medium Enterprises), growth of 41%, said in a press release issued here on Monday.
According to the press statement, the Bank advocated for social mobility, particularly in empowering MSMEs and women across remote rural regions, offering tailored financial products and services. The Bank’s inclusive loan offered an account to bring about positive transformations within communities nationwide with a special focus on the gender-specific impacts of natural disasters driven by climate change while allocating PKR 1.7 billion to climate financing.
Following the commitment to be environment friendly, the Bank managed to transition 10% of its branches to solar power, underscoring its dedication to green initiatives. Also contributing to the Bank’s growth is its flagship program, Women Inspirational Network (WIN), which drove Mobilink Bank to the top of State Bank of Pakistan’s (SBP) ‘Banking on Equality’ Index. The Bank allocated over PKR 12 billion in subsidized financing to 66,000 female borrowers, with the aim and plan to enhance its female borrowers’ portfolio by 50% in the next three years.
Mobilink Bank is part of the VEON group, a global digital operator that provides congregated connectivity and digital services to about 160 million customers in six dynamic markets that are home to 7% of the world’s population.
Mobilink Bank to Maintain the Progress
Talking about the progress, President and CEO of Mobilink Bank, Ghazanfar Azzam, expressed his satisfaction with the extraordinary impact delivered by Mobilink Bank and resolved to multiply its manifolds.
Commending last year’s performance, he said that they are ambitious to continue the same passion for the next three years, enhance the female customer base, expand the reach of our climate finance program, and promote economic and environmental sustainability.
