search
cross icons

Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL), has posted strong financial results during the first quarter of 2021, as showcased by its quarterly financial statements.

MMBL recorded a 70 percent increase in net revenues and a whopping 1,390 percent increase in profit before tax in Q1, 2021, against the corresponding quarter of the last year.

The bank continued its positive momentum from Q4, 2020, to post healthy financial results during Q1, 2021, ending on March 31st, 2021. It recorded Gross Revenues and Net Revenues of Rs. 2.295 billion and Rs. 1.884 billion, respectively.

The bank’s profit before tax peaked at Rs. 490 million despite the economic slowdown caused by the ongoing COVID-19 pandemic. As of the end of Q1, 2021, MMBL’s gross loan portfolio closed at Rs. 27.4 billion while the deposits portfolio stood at Rs. 48.8 billion.

Commenting on the bank’s performance, Chief Finance and Digital Officer MMBL, Sardar Mohammad Abubakr, said, “We are on a journey to revolutionize the financial services landscape in Pakistan through our digital and core microfinance financial services.”

“Q1 2021 financial performance is a continuation of our strong performance in Q4, 2020, a testament to our strong focus on customer centricity, portfolio diversification, and strong shareholder value creation”, he said. Further adding, “We are committed to providing the best banking experience to our customers through innovative products and services all across Pakistan.”

MMBL is committed to promoting financial inclusion for all by touching upon the lives of millions of people, even in the remotest parts of the country, particularly women, many of whom are excluded from the financial landscape.

Besides its core micro-financing services, Mobilink Microfinance Bank has introduced customized digital financial products and services for businesses, households, and small and medium enterprises (SMEs), including those operating in rural economies.

These products and services facilitate swift and convenient business operations and allow greater control over financial choices to catalyze the socio-economic wellbeing of the users. The bank has recently completed nine years of successful operations in Pakistan.

MMBL is Pakistan’s largest digital bank, with over 31 million registered users, including 12 million active digital wallets. It is currently operating through 100 branches and a nationwide network of over 115,000 retail agents.

Explore More

Mobilink Bank carries out nationwide…

Micro-banking for a sustainable future

When it comes to financial inclusion,…

Climate change spurs microfinance…

Mobilink Bank’s “Change to…

Mobilink Bank Launches “Center of…

Mobilink Bank Registers a Solid Start to…

ILO recognizes MMBL’s WIN program as a…

Deploying the Power of Fintech

MMBL enters into strategic partnership…

MMBL Announces Major Policy Changes to…

MMBL to offer e-health insurance,…

MMBL Launches Programs to Empower Women…

MMBL Wins ‘Most Innovative…

MMBL launches Business Plus Current…

Rana Tanveer’s Incredible Journey To…

MMBL signs an agreement with IBP to…

RBI Asia Trailblazer Awards: MMBL wins…

MMBL, CIP Collaborate To Promote…

MMBL partners with foodpanda Home Chefs

University of Balochistan: MMBL…

MMBL, Digit 4G Enter Into Strategic…

MMBL secures ‘positive outlook’…

MMBL signs partnership agreement with…

MMBL celebrating ‘10 years of…

MMBL, BaKhabarKissan join hands to offer…

MMBL, IWCCI To Promote Access To Digital…

Microfinance loan disbursement rises…

MMBL, AdalFi partner to offer traders,…

MMBL’s Commercial Vehicle Loan:…

TMUC organizes Career Discovery & Job…

Samiha Ali Zahid Chief People Officer,…

MMBL honored with the ‘D&I Leader’…

Financing the Dreams of Millions of SME…

MMBL’s Financial Inclusion, Women…

Pak bank’s financial inclusion, women…

EFP organizes women empowerment seminar…

MMBL Takes Digital Banking a step with…

MMBL becomes first microfinance…

MMBL’s celebration of a milestone year…

OICCI acknowledges members for…

Mobilink Microfinance Bank Ltd. Bags…

MMBL’s Ambition for Driving Digital…

MMBL's female borrowers

MMBL wins Retail Banker International…

Mobilink Bank puts forth Policy…

MMBL signs MoU with NOWPDP

A Strategic Collaboration With Universal…

MMBL joins forces with FBTL to provide…

MMBL’s Profit Before Tax in H1 2020

Mobilink Microfinance Bank launches…

MMBL partners with IBP to launch branch…

ACCA recognises MMBL as approved…

MMBL, Teamup sign MoU to promote…

MMBL, LCCI sign agreement

MMBL secures membership of OICCI

Mobilink Microfinance Bank recognized…

MMBL secures ‘Positive Outlook’…

TPL Trakker partners with Mobilink…

Mobilink Microfinance Bank builds…

Mobilink Microfinance Bank launches…

VEON’s Mobilink Microfinance Bank wins…

MMBL’s Humqadam Scoops ‘D&I…

MMBL expands its network – Grows to…

MMBL Partners with Opportunity…

PACRA Maintains ‘Stable Outlook’ for…