Telenor Microfinance Bank (TMB) achieved an impressive year-on-year increase of 45 percent in lending revenue backed by Rs 7 billion disbursements through a completely digital, cashless, and paperless process.
TMB operator of Pakistan’s leading digital financial services platform, easypaisa, has reported its financial results for first quarter of 2023, showcasing a strong performance despite challenging economic conditions, said a press release.
During the period under review, the banks strong performance was also reflected in Earnings Before, Taxes, Depreciation, and Amortization (EBTDA) of Rs 227 million, posting a 113 percent increase on YoY basis.—APP
