Mobilink Microfinance Bank, the operator of Pakistan’s leading mobile banking solution ‘JazzCash’, bagged the ‘The Best Microfinance Bank (Digital) of the Year 2019’ award at the 17th Annual Excellence Awards organized by the CFA Society Pakistan.
The Bank won the award on the criteria of profitability, efficiency, growth, and solvency with scores calculated on the basis of 2019 accounts. Through its Annual Excellence Awards, the CFA Society recognizes the outstanding performance of financial institutions, corporates, and professionals.
The awards ceremony was held on October 2, 2020, in Karachi. Governor State Bank of Pakistan, Mr. Reza Baqir, graced the event as the chief guest and presented awards to the winners. His keynote address covered the current state and future prospects of the micro-economy.
Mr. Reza Baqir also urged banks to enhance their role in the growth of the country’s economy. He shared that the government has succeeded in reducing the current account deficit and stabilizing the exchange rate, as these two successes have had a positive impact on the country’s economy.
On the occasion, Mr. Ghazanfar Azzam, President & CEO of Mobilink Microfinance Bank, said, “Mobilink Microfinance Bank has been striving to promote self-employment and financial inclusion by empowering customers and improving their experience by optimizing the use of digital technologies.”
“The Bank has over 9 million active mobile accounts and uses technology to disburse Micro and Nano Loans, bill payments, and mobile top-ups, etc. With this vision, Mobilink Microfinance Bank is committed to extending the best customer experience with a unique set of digital services and will keep adding value to become the Best Digital Bank every year,” he added.
Earlier, Mobilink Microfinance Bank also won the ‘Bank of the Unbanked’ award consecutively for two years (2018-2019) by the Institute of Bankers Pakistan (IBP).