Mobilink Bank gets $15m capital injection

ISLAMABAD: VEON Group, the parent company of Mobilink Bank, has invested $15 million in fresh capital to drive the bank’s strategic ambitions, through its parent.

The capital investment will empower the bank to expand its offerings in micro, small, and medium enterprise (MSME) financing, explore Islamic banking, and accelerate its ongoing transition into a technologically advanced, future-ready digital bank.

Chairman Mobilink Bank and CEO Jazz Aamir Ibrahim said this capital infusion...