Business
ASA Pakistan receives NOC for MFB license
ASA Pakistan receives NOC for MFB license.
About this update from Asa International Group Plc
[{"type":"text","content":"\n \nRNS Number : 9138Y ASA International Group PLC 07 January 2020 \n\n \n \n \n \n \n \n \n \n ASA International Group plc\nASA Pakistan receives NOC for MFB license\n \nAmsterdam, 7 January 2020\nOn 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. \n \nDirk 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.\"\n- Ends -\n \nEnquiries:\n \nASA International Group plc +31 20 846 3554\nInvestor Relations +31 6 3179 1682\nMischa Assink &nbs...