Mobilink Bank has shown remarkable growth in the first three quarters of 2023, as evident from its Q3 financial statements. This growth reflects the bank’s commitment to supporting Micro, Small, and Medium-Sized Enterprises (MSMEs) and delivering innovative solutions.
As part of the VEON group, Mobilink Bank is contributing to digital inclusion and economic growth in several countries.
In Q3 2023, Mobilink Bank’s total revenue increased by 64%, with a 299% growth in Profit Before Tax compared to 2022. Deposits also surged by 16% from the previous year, with significant contributions from JazzCash segment deposits. The bank is particularly dedicated to promoting MSME financing and gender equality.
The bank’s leadership expressed their satisfaction with these financial results and emphasized their commitment to supporting the MSME sector. Despite economic uncertainties, the bank expanded across all its verticals, resulting in impressive revenue growth.
Mobilink Bank’s success, with a 17.3% Return on Equity (ROE) and a 1.2% Return on Assets (ROA), underscores its profitability and dedication to MSME support. The bank aims to maintain this level of performance while empowering MSME borrowers for sustainable development, particularly women.
