Mobilink Bank, a leading digital microfinance institution and part of the VEON group, has exhibited remarkable growth in its financial performance during the first half of 2023, according to unaudited/unreviewed financial statements. The Bank’s unwavering dedication to excellence is evident in its impressive achievements and results.
Strong Revenue Growth and Adaptability
With a noteworthy 57% increase in total revenue, Mobilink Bank has successfully attracted and retained customers while effectively adapting to the ever-evolving financial landscape. This demonstrates the Bank’s proficiency in generating revenue and its ability to thrive in a competitive market.
Mobilink Bank’s Exceptional Results and Strategic Approach
Mobilink Bank’s Profit Before Tax (PBT) experienced a remarkable growth of 232% in H1 2023 compared to the same period in 2022. These outstanding results further solidify the Bank’s position as a leading digital microfinance institution. With a strategic approach and expertise in financial management, Mobilink Bank has delivered exceptional performance.
Despite uncertainties arising from high inflation, the Bank has achieved impressive growth across all verticals. Notably, the average ticket size saw a 37% increase, reaching PKR 299K in H1 2023. The core banking revenue and branchless banking revenue also experienced substantial boosts of 48% and 66%, respectively, during the same period.
Mobilink Bank’s commitment to promoting financial inclusion for all is fueled by the synergy within its team. The Bank expresses gratitude for the trust and support received from its customers, which motivates continuous improvement and excellence. With a focus on agile business models, customer-centric offerings, and innovative solutions, Mobilink Bank aims to empower individuals digitally and financially, bridging the gender and financial gap across the nation.
