ASA International Group PLC ASA Pakistan receives NOC for MFB license (9138Y)
07 Gennaio 2020 - 8:00AM
UK Regulatory
TIDMASAI
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."
- Ends -
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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London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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