Saturday, May 24, 2025
No Result
View All Result
The AZB More Than Just News
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
No Result
View All Result
Daily The Azb
No Result
View All Result
Home BANKING

Mobilink Bank closes 2023 with 41% increase in MSME Disbursements.

News Desk
January 1, 2024
Mobilink Bank closes 2023 with 41% increase in MSME Disbursements.
Share on FacebookShare on Twitter

lamabad – January 01, 2024: Mobilink Bank stood out for its commitment to empowering Micro, Small, and Medium Enterprises (MSMEs), constituting a significant 36% of its total loan portfolio and a noteworthy MSME Growth (YoY) of 41% in 2023. The Bank strongly advocates for social mobility, especially in empowering MSMEs and women across remote rural regions, offering tailored financial products and services. Mobilink Bank’s inclusive loan offerings are pivotal in bringing about positive transformations within communities nationwide. In a dedicated effort to address the gender-specific impacts of natural disasters driven by climate change, the Bank has allocated PKR 1.7 billion to climate financing. Additionally, the Bank’s strong commitment to environmentally sustainable practices is evident, with 10% of its branches successfully transitioning 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 propelled 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 plans to increase 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 converged connectivity and digital services to nearly 160 million customers in six dynamic markets that are home to 7% of the world’s population.

In November 2023, Mobilink Banks showcased robust financial performance, with the MSME Gross Loan Portfolio (GLP) contributing PKR 24,395 Mn out of the total GLP of PKR 66,893 Mn. The impressive 84% increase in deposits since the end of 2022, totaling PKR 119,122 Mn, was driven by the growth of core and branchless banking deposits. Core deposits expanded by 58,999 Mn, while branchless banking deposits experienced an increase of 46%, reaching 60,123 Mn.

President and CEO of Mobilink Bank, Ghazanfar Azzam, expressed his satisfaction with the extraordinary impact created by Mobilink Bank and resolved to enhance it manifolds. 

“We have experienced a fulfilling year, reinforcing our existing business verticals and venturing into new areas to amplify our impact,” shared Ghazanfar Azzam. “Our ambitious development vision for the next three years is geared towards increasing our female customer base and expanding the reach of our climate finance program, promoting economic and environmental sustainability.”

He further expressed, “At Mobilink Bank, gender equity and sustainability will remain focal points as we enter New Year 2024. We believe an equitable and environmentally responsible business approach can generate shared value for businesses and the community. We eagerly anticipate advancing this inclusive growth strategy through collaboration with SBP and other key players in the financial industry. Our commitment to delivering the highest user experience and satisfaction level persists throughout this year and beyond.”

Invigorated by its achievements and customers’ extraordinary trust and loyalty, Mobilink Bank commits to going the extra mile to create more value for the economy and society. 

News Desk

News Desk

Welcome to our web desk! We're a dedicated team of digital enthusiasts passionate about delivering timely and engaging content to our online audience.

Related Posts

Balochistan EconoBmic Forum in Collaboration with the Chinese Consulate celebrated it’s 33rd Anniversary & 12th Anniversary of CPEC
Business

Balochistan EconoBmic Forum in Collaboration with the Chinese Consulate celebrated it’s 33rd Anniversary & 12th Anniversary of CPEC

May 23, 2025
Meeting with Deputy Commissioner Tharparkar
Headline

Meeting with Deputy Commissioner Tharparkar

May 23, 2025
he Pakistan Association of the Dermatology arranged one day free workshop
Business

he Pakistan Association of the Dermatology arranged one day free workshop

May 23, 2025
Sindh Government establishes lab in KU to increase COVID- 19 testing capacity
Headline

Karachi Sees Rise in COVID-19 Cases, Four Deaths Reported in Two Weeks

May 23, 2025
SBP keeps interest rate unchanged at 12%
Headline

Banks to Remain Closed on May 28 for Youm-e-Takbeer

May 23, 2025
Engro Secures Approvals for Landmark Partnership to Expand Telecom Infrastructure, Paving the Way for Pakistan’s Digital Future
Business

Engro Secures Approvals for Landmark Partnership to Expand Telecom Infrastructure, Paving the Way for Pakistan’s Digital Future

May 23, 2025
Why have Bitcoin prices hit a record high?
Headline

What is Bitcoin Mining and How Does It Work?

May 23, 2025
Karachi woman steals 20 tola gold before Umrah trip
Business

Gold Price Soars by Rs3,500 Per Tola in Pakistan

May 23, 2025
Vacancies Open for Pakistani Female Beauticians in Saudi Arabia – Apply by June 8, 2025
Headline

Vacancies Open for Pakistani Female Beauticians in Saudi Arabia – Apply by June 8, 2025

May 23, 2025
UAE Dirham Holds Steady at PKR 76.44 – Exchange Rate Update for May 23, 2025
Headline

UAE Dirham Holds Steady at PKR 76.44 – Exchange Rate Update for May 23, 2025

May 23, 2025
Next Post
Revolutionising Communication: My Experience with What sup by Chazbiz.

Revolutionising Communication: My Experience with What sup by Chazbiz.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


Most Popular

Zarnab Shastri’s Private Videos Leaked Amid Manahil Malik’s Controversy

Another leak: TikToker Somal Mohsin’s private videos go viral

Sajal Malik Video Leak Sparks Controversy as Fans and Critics Debate

Aga Khan University Celebrates Student Innovation at Concluding Ceremony of President’s Challenge for Climate Solutions

Torino Comics Honors Akira Toriyama, Creator of Dragon Ball and Dr. Slump

Must Read

The APNS strongly condemns
Headline

The APNS strongly condemns

May 7, 2025
No media trial of any politician going on: Information Minister
Headline

No media trial of any politician going on: Information Minister

November 10, 2018
The Azb is a 24/7 online news platform that covers a wide range of topics including business, economics, technology, finance, travel, fashion, and lifestyle.

Quick Links

  • Home
  • About us
  • SCI-TECH
  • Live TV
  • Banking

Useful Links

  • Videos
  • Reviews
  • Advertorial
  • Photos
  • About us
  • Author
  • Home
  • Latest News
  • Partner
  • Privacy Policy
  • Russian Theatre Group Celebrates Fifth Anniversary in Pakistan.
  • Terms and Conditions
  • The Azb – More Than Just News
  • Contact

© Copyright 2024 theazb. All Rights Reserved.

No Result
View All Result
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION

© Copyright 2024 theazb. All Rights Reserved.