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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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.