Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has become the only bank in the country, microfinance or commercial – to secure a ‘Positive Outlook’ credit rating from Pakistan Credit Rating Agency (PACRA) in its latest Credit Rating Assessments for the Banking sector. MMBL attributed its extraordinary success, amidst the COVID-19 induced economic meltdown, to unflinching customer loyalty and its continuous endeavor to modernize and diversify its operations. Following MMBL’s achievement of a milestone, Chief Finance & Digital Officer Mobilink Bank, Sardar Mohammad Abubakr said: “We are committed to focusing on untapped market & customer opportunities that map well with our strategic ambitions for SME and Digital Businesses. This approach is allowing us to diversify and generate solid recurring income streams that are backed by a high-quality secured portfolio, strong compliance, and risk credit practices. Maintaining customer and shareholder trust is key in our efforts.” The bank had also achieved a feat previously in the Q4, 2020 PACRA assessment by being the only microfinance bank in the industry to register a “Stable” outlook as well as to have not been listed on the agency’s watchlist. In the latest assessment, MMBL continues to remain outside of PACRA’s watchlist and has carried forward its A1/A rating for Short-Term /Long-Term credit profile from the previous quarter. President & CEO Mobilink Bank, Ghazanfar Azzam said: “We are humbled to be the only bank in Pakistan, micro or otherwise, to be awarded a ‘Positive Outlook’ by PACRA in these testing times for all. We take heart from our customers’ trust in us and will continue to uplift our standards of financial, credit & risk management to deliver even greater value in the months and years ahead.” The bank hosts a large ecosystem of digital and financial products and services in the country. These products and solutions provide easy access to quality financial services to millions of individual users including women, households, and small and medium businesses. The bank has recently completed 9 years of successful operations in Pakistan.