AMSTERDAM, Feb. 22, 2021 /PRNewswire/ -- VEON
Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON), a leading
global provider of connectivity and internet services, announces
that its digital bank in Pakistan,
Mobilink Microfinance Bank (MMBL), has won a CSR award as a
"Diversity & Inclusion Leader" for its Humqadam initiative at
the 10th Annual CSR Summit in Pakistan.
Humqadam, MMBL's flagship sustainability initiative, helps
people with disabilities develop essential digital and financial
skills to support them in the corporate world. Humqadam trainees
are given the opportunity to work across multiple MMBL departments
based on their skillsets. During this rotation, they undergo an
intensive three-month training programme, undertake projects and
receive mentoring from team leaders.
The Humqadam initiative is aligned with the ambition of the
United Nations Sustainable Development Goals to increase labour
productivity, lower unemployment and improve access to digital and
financial services through equal opportunities for all.
VEON-owned MMBL is the nation's largest digital bank with over
27 million registered users. It is a leading lender to small and
medium-sized enterprises, with over 700,000 traditional individual
and micro-enterprise loans disbursed, alongside more than 3,600,000
digital nano loans as of December
2020.
The annual CSR Awards were established in 2011 and are organised
by The Professionals Network (TPN), a leading corporate entity
based in Karachi. The awards
recognise leading corporations and NGOs for their innovative and
outstanding efforts to bring about positive socio-economic change
in Pakistan.
Sergi Herrero, VEON's co-CEO,
said: "As a leading provider of digital services and connectivity,
we have an important role to play in supporting wider inclusion by
enabling people technologically, digitally and financially. Not
only does this help to improve opportunities for individuals, but
it also has a positive impact on the economic prosperity of the
markets we operate in. Mobilink Microfinance Bank's outstanding
Humqadam initiative is a great example of this and it's excellent
to see recognition for its contribution to inclusive and
sustainable growth in Pakistan."
MMBL was recently recognised as "Digital Microfinance Bank of
the Year" by the CFA Society Pakistan and was a semi-finalist in
the recent European Microfinance Awards. The Institute of Bankers
Pakistan has also recognised MMBL as the "Bank of the Unbanked" in
recent years.
About VEON
VEON is a NASDAQ and Euronext Amsterdam-listed global provider
of connectivity and internet services. For more information
visit: www.veon.com.
About Mobilink Microfinance Bank
Mobilink Microfinance Bank Ltd. is Pakistan's largest digital bank with over 27
million registered users. Backed by a multinational
telecommunication services company, VEON, MMBL is a sister company
of Jazz and is a leading player in lending to small and
medium-sized enterprises. For more information visit:
www.mobilinkbank.com.
VEON Contacts:
Communications & Investor Relations
Nik Kershaw
ir@veon.com
Tel: +31 20 79 77 200
View original
content:http://www.prnewswire.com/news-releases/veons-mobilink-microfinance-bank-wins-prestigious-diversity--inclusion-csr-award-301232344.html
SOURCE VEON Ltd