ASA International operates in the Philippines and Myanmar in South East Asia.
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0.44mClients |
458Branches |
USD74.0mOLP* |
*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.
As at 31 December 2023 (FY 2023 Unaudited)
Although relatively close geographically and with sizeable populations that benefit from microfinance, Myanmar and the Philippines are quite different in other respects.
The Philippines is a more open and developed country with higher GDP per capita than Myanmar, but with a large, low-income population. Myanmar has been a closed society for many years and has only recently opened up to the broader world, a development which allowed formal microfinance to become established.
