Mobilink Bank celebrated significant financial achievements in 2023, marking its robust presence in the banking sector. With a staggering revenue of PKR 41,053 million, indicating a remarkable 72% growth from the previous year, the bank’s performance underscores its unwavering commitment to excellence and innovation, particularly in supporting women and Small and Medium-sized Enterprises (SMEs).
A cornerstone of Mobilink Bank’s commitment to Diversity, Equity, and Inclusion (DEI) is its flagship initiatives, the Women Inspirational Network (WIN) program and MobilinkHER Women Returnship Program, serving as catalysts for transformative change. Through WIN, the bank has empowered over 5,000 female entrepreneurs with crucial digital and business skills. Meanwhile, the MobilinkHER Women Returnship Program has successfully reintegrated eight women who took career breaks, showcasing the bank’s dedication to empowering women in the workforce.
The bank’s DEI endeavors garnered acclaim from esteemed organizations, with 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, underscoring its commitment to driving positive societal change.
In 2023, Mobilink Bank witnessed impressive year-on-year growth, with its loan and customer deposit portfolios expanding by 31% and 84%, respectively. This growth reflects the bank’s steadfast commitment to providing accessible financial solutions to individuals and businesses, thereby fueling economic growth and fostering prosperity.
Aamir Ibrahim, Chairman of Mobilink Bank, commended the bank’s management for its stellar performance, highlighting their concerted efforts in reshaping Pakistan’s financial landscape. He emphasized the bank’s pivotal role in facilitating one of the world’s largest unbanked populations over the past decade.
Ghazanfar Azzam, President & CEO of Mobilink Bank, reiterated the bank’s dedication to DEI, emphasizing its focus on empowering women and SMEs through inclusive digital and financial products. He outlined ambitious targets for the upcoming year, including increasing women depositors and dedicating a significant portion of the lending portfolio to women.
Adil Ali Abbasi, Chief Financial Officer of Mobilink Bank, reflected on the bank’s growth trajectory, emphasizing its unwavering commitment to advancing financial inclusivity and empowerment. He highlighted the bank’s mission to promote financial inclusion, particularly among women, with plans to expand its female borrower base in the coming years.
In 2023, Mobilink Bank also expanded its branchless banking network, reaching 239,252 agents while maintaining 109 branches. The active borrower base surged to 3,243,354, showcasing improved financial accessibility and solidifying the bank’s position as a key player in the banking sector.
