Staff Reporter Islamabad
Pakistan’s largest Digital Bank, Mobilink Microfinance Bank Limited (MMBL) announced its financial results for the first half of the fiscal year ending June 30, 2021.
The Bank reinforced its market standing as the leading Digital Bank by posting a 98% growth in total revenue with the Profit before Tax (PBT) growing by 14601% compared to the first half of 2020.
The Bank successfully continued its growth momentum from the corresponding year across all verticals, while acknowledging uncertainties related to Covid-19 on customer portfolio, behavior, and recovery trends.
Contrary to the industry average of PKR 50,000, MMBL’s average loan ticket stood at PKR 168,000 during the first half of the year and continues to grow further.
The Bank’s core banking revenue grew by 80% while branchless banking revenues witnessed a growth of 27% during the period.
Simi-larly, the Profit Before Tax of core and branchless banking increased by 467% and 285% respectively.
Sharing his thoughts on the bank’s performance, Mr. Ghazanfar Azzam, President & CEO MMBL said: “We are glad to register impressive growth records across all verticals due to our strong com-mercial performance and commitment to maintain-ing the highest standards in services delivery.
However, what truly fuels our efforts is our custom-ers’ unflinching trust and loyalty in this bank.
We are fortunate that the MMBL family is constantly growing nationwide to further strengthen the bank’s market standing.
