REG - ASA Intnl. Grp PLC - ASA Pakistan receives NOC for MFB license

ASA InternationalAnnouncement

07/01/2020 07:05

RNS Number : 9138Y
ASA International Group PLC
07 January 2020
 


 
 
                                                                                                                                                       
 
 
 
 
 
 ASA International Group plc
ASA Pakistan receives NOC for MFB license
 
Amsterdam, 7 January 2020
On 3 January 2020, ASA Pakistan Ltd., a lending company and ultimate 100% subsidiary of ASA International Group plc, received a no objection certificate from State Bank of Pakistan to transform into a microfinance bank, subject to meeting various conditions, within a period of six months.
 
Dirk Brouwer, CEO of ASA International Group plc, comments: "We consider this an important step towards securing the microfinance bank license, which should enable ASA Pakistan to mobilize savings over time."
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Enquiries:
 
ASA International Group plc                                                  +31 20 846 3554
Investor Relations                                                                     +31 6 3179 1682
Mischa Assink                                                                            massink@asa-international.com
 
About ASA International Group plc
ASA International is one of the world's largest international microfinance institutions, with a strong commitment to financial inclusion and socioeconomic progress. The company provides small, socially responsible loans to low-income, financially underserved entrepreneurs, predominantly women, across South Asia, South East Asia, West and East Africa.




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