Mobilink Bank Achieves 72% Revenue Growth, Prioritizing Inclusive Banking for Women and SMEs

In a significant financial achievement, Mobilink Bank reported a remarkable 72% revenue growth in 2023, reaching PKR 41,053 million. The bank’s robust performance underscores its commitment to excellence and innovation, with a particular focus on supporting women and Small and Medium-sized Enterprises (SMEs). Mobilink Bank’s dedication to Diversity, Equity, and Inclusion (DEI) is evident through its transformative initiatives, including the Women Inspirational Network (WIN) program and MobilinkHER Women Returnship Program.

Financial Milestones:

Mobilink Bank’s revenue growth in 2023 highlights its financial resilience and strategic prowess. The bank witnessed a 31% year-on-year growth in its loan portfolio and an impressive 84% growth in customer deposits, signaling its dedication to providing accessible financial solutions for individuals and businesses.

Commitment to DEI:

The bank’s commitment to DEI received accolades from key organizations, including the State Bank of Pakistan (SBP), ranking Mobilink Bank at the top on its Banking on Equality (BOE) scorecard. Additionally, the VEON group recognized the bank as a DEI Champion, emphasizing its role in driving positive change.

Empowering Women and SMEs:

Mobilink Bank’s flagship initiatives, the Women Inspirational Network (WIN) program and MobilinkHER Women Returnship Program, have played a pivotal role in empowering women. WIN has equipped over 5,000 female entrepreneurs with essential digital and business skills, while the Women Returnship Program successfully onboarded eight women who took career breaks.

Future Initiatives:

Aamir Ibrahim, Chairman of Mobilink Bank, commended the bank’s management for its robust performance and emphasized the institution’s decade-long efforts to reshape Pakistan’s financial landscape. Ghazanfar Azzam, President & CEO, outlined the bank’s future initiatives, including increasing women depositors, dedicating a significant portion of the lending portfolio to women, and focusing on digital literacy and sustainability.

Network Expansion and Accessibility:

Mobilink Bank’s branchless banking network expanded to 239,252 agents, maintaining 109 branches. The active borrower base increased to 3,243,354, showcasing improved financial accessibility. The bank experienced a 31% surge in the gross loan portfolio and a 5.24% rise in depositors, solidifying its position in the banking sector.

Conclusion:

Mobilink Bank’s impressive financial growth, commitment to DEI, and initiatives for women and SMEs position it as a key player in Pakistan’s banking sector. As it continues to focus on inclusive banking and sustainability, Mobilink Bank is set to contribute significantly to the country’s economic growth and social progress.