OICCI Women Empowerment Awards 2021 Recognize MMBL
Overseas Investors Chamber of Commerce and Industry (OICCI) has honored Mobilink Microfinance Bank Ltd. (MMBL), Pakistan’s largest digital bank, with their prestigious Gender Balance Workforce Award at the 4th edition of the OICCI Women Empowerment Awards 2021. The Awards recognize the efforts made by OICCI members through initiatives, leadership programs, and willingness to incorporate D&I across all tiers of business while promoting responsible business conduct and growth. OICCI is the foremost body of foreign investors in Pakistan. OICCI Women Empowerment Awards 2021 Recognize MMBL.
While speaking about the occasion, Ghazanfar Azzam, President & CEO MMBL said: “This award is a validation of the hard work being carried out by MMBL in trying to create equal opportunities for everyone, especially women and Persons with Disabilities (PWDs) in the country. MMBL has strategically designed a series of flagship programs, initiatives, and products including Mobi Circle, Bint-e-Hawwa, Humqadam, and Women Inspirational Network (WIN) that focus on removing societal and financial barriers to achieving D&I across the board. We are proud of the work we are doing and remain committed to maintaining the same momentum going forward.”
To drive positive change across the banking sector and create a truly diverse and inclusive environment in Pakistan, MMBL recently launched its 9-point agenda for Financial Inclusion, which highlights policy recommendations in the areas of D&I, along with other key domains, to help unify the efforts of policymakers, regulators, and stakeholders in reducing the financial divide and accelerating inclusive economic development in the country.
Commenting on the achievement, Samiha Ali Zahid, Chief Human Resource Officer MMBL said: “We are humbled by this recognition and the honor conferred on MMBL by OICCI. This award highlights the breadth and ambition of MMBL’s D&I initiatives and its capacity to achieve barrier-free digital financial services for all. Every product and service is unique and innovative- specially designed to uplift the economy, promote financial literacy, and empower the unserved and underserved segments of our society, particularly women. OICCI Women Empowerment Awards 2021 Recognize MMBL.
MMBL is committed to making further progress by bringing transformational changes in its banking ecosystem to continue serving its customers with the latest digital products & services across Pakistan.” The award underscores MMBL’s strong track record in promoting D&I not only within the organization but in the digital banking industry as well. The customer success stories created through the bank’s unique offerings are a testament to the empowerment initiatives it has undertaken to foster inclusivity across Pakistan.
Mobilink Microfinance Bank Limited (MMBL) is Pakistan’s largest digital bank with over 34 million registered users including 14 million monthly active digital wallets. MMBL is a leading player in lending to small and medium-sized enterprises with over 800,000 traditional individual and micro-enterprise loans disbursed, alongside more than 11,000,00 digital nano loans disbursed till August 2021. MMBL is currently operating through 100 branches and a nationwide network of over 135,000 branchless banking agents. MMBL Registers Record Growth in M-Wallets.
MMBL was recently recognized as “Digital Microfinance Bank of the Year” by CFA Society Pakistan and also won a CSR award in the category of “Diversity & Inclusion Leader” by The Professionals Network. It is the only bank in Pakistan, microfinance or commercial, that was recognized by PACRA recently, as having a ‘Positive Outlook’ and continues to remain outside the agency’s Watchlist. Further, the Institute of Bankers Pakistan has also recognized MMBL as “Bank of the Unbanked” in recent years.
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