Posts Tagged ‘microfinance bank’

By Nagesh Narayana Microfinance Focus, Jan. 29, 2010: The  First MicroFinance Institution, part of the Aga Khan Agency for Microfinance, has opened its Syria’s (FMFI-S) newest branch in Maysat, in the northern part of Damascus, on Thursday. The new branch will expand services offered to marginalised segments of the population with the aim of providing more poor people with financial services. According to studies undertaken by the ... Full story

MicrofinanceFocus, July 22, 2009: Banco Compartamos, the Mexican microfinance bank, on Tuesday announced its second quarter results which show net profit rose 31.3% totaling 327 million pesos ($24.7 million), up from 249 million pesos recorded in the corresponding quarter of 2008, in a statement filed with the Mexican Stock Exchange. The bank's active clients reached 1,317,472 or a 40.1% increase compared to 2008 and its total loan portfolio reached 6,729 million pesos or a 40.4% increase compared to second quarter in 2008. Earnings per share or EPS, excluding shares repurchased, reached 0.79 peso versus 0.58 peso in second quarter of 2008, representing 35.2% growth. Equity to assets was at 40.1%, while ROAE reached 41.3%. Full story