Full Year Results 

ASA hampered by currency slump

ASA hampered by currency slump

Excluding initial public offering (IPO)-related costs, ASA International’s (ASAI) normalised net profit increased by 30 per cent at constant currencies to £32.4m for FY2018. By providing guarantor-backed loans to low-income female entrepreneurs in Asia and Africa, the group has capitalised on a credit demand from businesses overlooked by mainstream lenders. Expanding its outstanding loan portfolio by 21 per cent to $378.5m (£290m), the group now serves more people in more places. Its branch network grew to 1,665 and its client base increased by 17 per cent to 2.2m.

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