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Mobilink Microfinance Bank’s Profit Before Tax Was 146 Times Higher in H1 2021
Mobilink Microfinance Bank Limited (MMBL) posted a 98 percent growth in total revenue, with the Profit before Tax (PBT) growing by 14,601 percent compared to the first half of 2021. The bank successfully continued its growth momentum from the corresponding year across all verticals while acknowledging uncertainties related to COVID-19 on customer portfolio, behavior, and recovery trends. ALSO READ U Microfinance Bank, Kashf Foundation Partner to Digitize Loan Repayments and Disbursements Contrary to the industry average of Rs. 50,000, MMBL’s average loan ticket stood at Rs. 168,000 during the first half of the year and continues to grow further. The…