Fusion Microfinance sees asset growth moderating as pent-up demand tapers

Expects to NIMs to improve to 11.3-11.5% from 10.3%

After clocking asset growth of over 40 per cent year over year (YoY), Fusion Microfinance Ltd will moderate pace of book expansion to 25-30 per cent.

Devesh Sachdev, Managing Director and CEO, Fusion Micro Finance Ltd (Fusion) said the asset book grew by 45 per cent YoY till December 2022, reflecting the pent-up demand seen largely in the post-pandemic period. The growth would moderate to 25-30 per cent, due to an expanded base.  

A company presentation showed that since FY17, the firm's assets under management have been rising at a compounded annual growth rate (CAGR) of 50 per cent to