Business
Year End Trading Update
Year End Trading Update.
About this update from Asa International Group Plc
[{"type":"text","content":"\n \n \n \n \n \n Press Release\n \n \n \n \n \n \n \n \n ASA International Group plc announces 2022 Year-End Trading Update\n \n \n \n \n \n \n Amsterdam, 24 February 2023 - ASA International Group plc, ('ASA International', the 'Company' or the 'Group'), one of the world's largest international microfinance institutions, today releases a trading update for the fiscal year ended 31 December 2022 ('the Period').\n \n \n \n Key highlights:\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n FY 2022\n(UNAUDITED)\n \n \n \n \n \n \n FY 2021\n(AUDITED)\n \n \n \n \n \n \n FY 2020\n(AUDITED)\n \n \n \n \n \n \n % Change\nFY 2021 - FY 2022\n \n \n \n \n \n \n % Change\nFY 2021 - FY 2022\n(constant currency)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Number of clients (m)\n \n \n \n \n 2.3\n \n \n \n \n 2.4\n \n \n \n \n 2.4\n \n \n \n \n \n -3%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Number of branches\n \n \n \n \n 2,028\n \n \n \n \n 2,044\n \n \n \n \n 1,965\n \n \n \n \n \n -1%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n OLP (1) (USD m)\n \n \n \n \n 351.2\n \n \n \n \n 403.7\n \n \n \n \n 415.3\n \n \n \n \n \n -13%\n \n \n \n \n \n \n 5%\n \n \n \n \n \n \n \n Gross OLP (USD m)\n \n \n \n \n 367.6\n \n \n \n \n 430.7\n \n \n \n \n 445.3\n \n \n \n \n \n -15%\n \n \n \n \n \n \n 3%\n \n \n \n \n \n \n \n Average Gross OLP per client (USD)\n \n \n \n \n 160\n \n \n \n \n 181\n \n \n \n \n 187\n \n \n \n \n \n -12%\n \n \n \n \n \n \n 6%\n \n \n \n \n \n \n \n PAR > 30 days (2)\n \n \n \n \n 5.9%\n \n \n \n \n 5.2%\n \n \n \n \n 13.1%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n (1)\n \n Outstanding loan portfolio ('OLP') includes off-book Business Correspondence ('BC') loans and Direct Assignment loans, excludes interest receivable, unamortized loan processing fees, and deducts modification losses and ECL provisions from Gross OLP.\n \n \n \n \n \n \n \n (2)\n \n PAR>30 is the percentage of on-book OLP that has one or more installments of repayment of principal past due for more than 30 days and less than 365 days, divided by the Gross OLP.\n \n \n \n \n \n \n \n \n \n \n \n \n ·\n Group operating results have contin...