About this document
Apna Microfinance Bank Rating Report 2024 by Adil Khan is a document available to read on EtoBox.
The Pakistan Credit Rating Agency has rated Apna Microfinance Bank Limited with a long-term rating of BBB- and a short-term rating of A4, maintaining a negative outlook due to significant financial losses and non-compliance with capital requirements. The bank reported a loss after tax of PKR 3.59 billion for CY23, attributed to high non-performing loans and accumulated losses leading to negative net assets. Management is implementing a recovery strategy, including equity injections and a focus on secured le
- Author
- Adil Khan
- Language
- EN