Updates

ASA International - Gross loan growth ex-India surges 23%

October 2026

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After taking a breather near 274p following a powerful multi-month run, ASA International continues to operate at full tilt. Gross outstanding loan portfolio (OLP) expanded 12% year-on-year to US$604.1m in Q2, but stripping out India - where management is deliberately winding down and deconsolidating operations - constant-currency OLP growth surged 23%, tracking neatly to full-year guidance. The expansion remains broad-based across core emerging markets. South Asia and East Africa led performance with stellar OLP growth of 40% and 29%, respectively, driven by robust borrower demand in Pakistan, Ghana and Kenya. Group customer numbers climbed 6% - with South Asia and East Africa expanding 13% apiece - even as total branch footprint ...

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