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ASA International Group PLC ( (GB:ASAI) ) has provided an update.
ASA International Group plc reported a strong start to 2025, with a 1% increase in Gross Outstanding Loan Portfolio (OLP) to USD 465 million compared to the end of Q4 2024, and a 22% increase compared to the same period in 2024. The company experienced growth in client numbers across all regions, particularly in the Philippines, Nigeria, Tanzania, Kenya, and Uganda. Despite a 7.7 magnitude earthquake in Myanmar, ASA’s operations remained unaffected, and the company’s portfolio quality remained stable with a PAR>30 of 2.2%. The company also announced new leadership appointments, including a Chief Risk and Compliance Officer and new CFOs in Ghana and Uganda.
More about ASA International Group PLC
ASA International Group plc is one of the world’s largest international microfinance institutions, dedicated to financial inclusion and socioeconomic progress. The company offers small, socially responsible loans to low-income, financially underserved entrepreneurs, primarily women, across South Asia, Southeast Asia, West, and East Africa.
YTD Price Performance: 21.53%
Average Trading Volume: 23,115
Technical Sentiment Signal: Sell
Current Market Cap: £107.5M
Learn more about ASAI stock on TipRanks’ Stock Analysis page.