In recent news, Mobilink Microfinance Bank Limited (MMBL) has announced its financial results for the third quarter of the financial year that ended on September 30th, 2021. The bank has announced a massive growth of 53% in its total revenue. According to reports, MMBL’s Profit before Tax (PBT) has increased at least three times as compared to the quarter of 2020.
The loan ticket of Mobilink Microfinance Bank was at Pkr 177, 000 in the Q3 of 2021. The banking revenue has increased by 35%. Whereas, the banking revenue has escalated by 40% in the third quarter. The core Profit before Tax of the bank has grown by 25% and that of branchless banking has grown by 326%.
Ghazanfar Azzam, President & CEO MMBL, commented on the bank’s performance,
“This has been a successful quarter for MMBL. The Bank has experienced significant growth as compared to Q3 of 2020 and all key financial indicators have trended upward during the period. The positive performance of MMBL is mirrored by significant growth in the Bank’s revenue.”
He also added,
“MMBL’s resilient performance also reflects strongly on its aims and objectives – to invest in technology and innovation and to provide opportunities to all segments of the society while focusing on making Pakistan a financially empowered country. Heading into the fourth quarter, MMBL is well-positioned to close the year with strong financials, reinforcing its firm commitment to include maximum people in the financial landscape of Pakistan”
The Chief Finance & Digital Officer of Mobilink Microfinance Bank Limited, Sardar Mohammad Abubakr, also spoke at the occasion saying,
“We are glad to register a steadfast performance for yet another quarter. The results are reflective of our enhanced focus on growth and sustainability across all tiers of operations. Despite the challenges generated by the pandemic, MMBL is producing year-over-year improvements in productivity and efficiency in both banking and branchless banking segments.”
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