Veon Group has invested US$15 million in Mobilink Bank, part of its portfolio, to support the bank’s strategic growth in Pakistan. The investment will empower Mobilink Bank to expand its offerings in micro, small, and medium enterprise (MSME) financing, explore Islamic banking, and transition into a technologically advanced digital bank.
Mobilink Bank plans to use the funds to enhance operational capabilities, broaden its reach, and introduce innovative digital products for both individual and enterprise customers. As Pakistan’s leading digital microfinance bank, Mobilink aims to foster financial inclusion, especially among underserved and unbanked segments, and contribute to socio-economic development.
This investment highlights Veon’s commitment to advancing digital innovation and supporting Pakistan’s financial ecosystem. It aligns with the group’s broader goals of fostering technological advancements and driving sustainable economic development. The timing of this investment comes as the State Bank of Pakistan has significantly lowered its policy rate, creating a favorable environment for growth in the banking sector.
