Mobilink Bank Leads Women Empowerment and MSME Lending
In H1 2023, Mobilink Bank increased Loan Disbursement and Gross Loan Portfolio (GLP) in two important categories, Women and Micro, Small, and Medium Enterprises (MSMEs).
khushboo_ghori These achievements demonstrate the Bank's commitment to financial inclusion and small company growth and the success of its plans and efforts over the previous year.
VEON, a global digital operator, owns Mobilink Bank. VEON's digital operator strategy is altering lives, increasing digital inclusion, and growing economies in nations with more than 8% of the world's population.
The Bank loaned about PKR 4.32 billion to women entrepreneurs in the first half of 2023, up 178% over 2022's 2.42 billion.
Women borrowers increased 113% from 61,242 in 2022 to 68,994 in 2023, demonstrating the bank's success in attracting and retaining bright women.
Mobilink Bank's MSME sector activities also succeeded, demonstrating the Bank's dedication to accessible financial solutions. In H1 2023, the Bank disbursed over PKR 11.63 billion to MSMEs (PKR 5.88 billion in 2022), a 198% increase over 2022. Disbursements rose from 23,173 in 2022 to 34,000 in 2023, a 147% rise in MSME borrowers.
"We take immense pride in the remarkable growth we have accomplished this year," said Mobilink Bank President and CEO Ghazanfar Azzam. Our efforts to promote women entrepreneurs and strengthen the MSME sector have led to inclusive economic growth.
These numbers demonstrate our commitment to helping people and businesses reach their potential. We'll keep fostering growth for all.”
"The resounding success of our bank exemplifies our steadfast commitment to drive inclusive economic growth and empower diverse segments of society," stated Mobilink Bank Chief Branch Business Officer Atta-ur-Rehman. With the goal of empowering women and MSMEs, we are willing to take all productive actions to include everybody in financial matters.”
Mobilink Bank leads the State Bank of Pakistan's Banking on Equality Scorecard and bridges the gender gap. Mobilink Bank promotes economic growth, social development, and women and MSMEs. The Bank helps the unbanked and underbanked thrive through customised digital and financial solutions.
