Investor Confidence
\n Islamabad
\nGlobal digital operator VEON Group reaffirms its confidence in the growth potential of Pakistan\u2019s microfinance sector and Mobilink Bank by investing USD 15 million in fresh capital to drive the bank\u2019s strategic ambitions.
\nThe capital investment will empower Mobilink Bank to expand its offerings in Micro, Small, and Medium Enterprise (MSME) financing, explore Islamic banking, and accelerate its ongoing transition into a technologically advanced, future-ready digital bank.
\nAs Pakistan\u2019s leading digital microfinance bank, Mobilink Bank is committed to fostering financial inclusion and meeting the evolving needs of its diverse customer base. The investment comes at a pivotal time for the banking industry, as the State Bank of Pakistan (SBP) has substantially lowered its policy rate, showcasing its proactive role as a regulator in fostering economic stability and growth.
\nMobilink Bank will utilize these funds to optimize its operational capabilities, expand its outreach, and introduce cutting-edge digital products and services to its individual and enterprise customers.
\nWith a strong focus on underserved and unbanked segments, Mobilink Bank strives to catalyze economic activity and provide accessible financial solutions to fuel socio-economic development. VEON Group\u2019s investment also highlights its strategic vision of fostering digital innovation and supporting Mobilink Bank\u2019s mission to be a key player in Pakistan\u2019s financial ecosystem.
\nThis commitment aligns with VEON\u2019s broader objectives of driving technological advancements and empowering communities through sustainable economic development.
\nWelcoming the investment, Chairman Mobilink Bank & CEO Jazz, Aamir Ibrahim said, \u201cThis capital infusion of USD 15 million by VEON underscores their steadfast confidence in Mobilink Bank\u2019s vision and trajectory. It empowers us to further expand our portfolio, driving growth in MSME financing, Islamic banking, and technology-driven operations.
\nTogether, we are fostering digital readiness and financial inclusion, ensuring that MMBL continues to play a pivotal role in shaping a progressive and inclusive financial landscape in Pakistan.\u201d
\nHaaris Mahmood Chaudhary, Interim CEO Mobilink Bank, shared, \u201cVeon\u2019s investment signifies the solid confidence our parent company places in Mobilink Bank\u2019s capability to lead the fintech revolution in Pakistan.
\nThe timing of this strategic investment is fitting as Pakistan\u2019s economy is in a revival phase, and the banking industry anticipates enhanced activity in the wake of a significant reduction in policy rates by the SBP.
\nThis investment will be pivotal in further advancing our strategic goals, promoting MSME growth, expanding into Islamic banking, and enhancing our digital capabilities to strengthen our position as a future-ready digital bank.\u201d
\nVEON\u2019s investment heralds a transformative era for Mobilink Bank, reinforcing its mission to advance financial inclusion and social mobility.
\nWith over 20 million monthly active users and a vast network of 400,000+ touchpoints, the bank champions inclusivity, technological innovation, and customer-centricity, besides a robust commitment to socio-economic and environmental progress.
\nMobilink 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\u2019s population. <\/p>\n","protected":false},"excerpt":{"rendered":"
Investor Confidence Islamabad Global digital operator VEON Group reaffirms its confidence in the growth potential of Pakistan\u2019s microfinance sector and Mobilink Bank by investing USD 15 million in fresh capital to drive the bank\u2019s strategic ambitions. The capital investment will empower Mobilink Bank to expand its offerings in Micro, Small, and Medium Enterprise (MSME) financing, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-453229","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n