ASA International Group PLC (GB:ASAI) has released an update.
ASA International Group PLC reported a robust growth in its Gross Outstanding Loan Portfolio (OLP), reaching $380 million, marking a 0.9% increase since December 2023 and a 13% increase year-over-year. The microfinance giant saw high collection efficiencies across its subsidiaries, with over 90% efficiency in all operating countries and an impressive improvement in India to 98%. Additionally, the Group’s loan portfolio quality showed an improvement with the PAR>30 figure dropping to 1.8% in March 2024, indicating a positive trend in loan repayments.
For further insights into GB:ASAI stock, check out TipRanks’ Stock Analysis page.
