ISP Finance Pursues Growth with More Acquisitions on Horizon

ISP Finance Services Limited, a growing force in the microfinance sector, is actively seeking new merger and acquisition opportunities after recently acquiring a $1.2 billion loan portfolio. Despite not disclosing details about the seller due to confidentiality agreements, this acquisition has effectively doubled the company's loan book, reinforcing its position in the market. With the regulatory changes following the Microcredit Act, ISP Finance is exploring ways to expand its product offerings and enhance shareholder value. They have also engaged an investment bank to help structure potential deals. As the company strategizes on capital raising, it is considering a rights issue or an additional public offering, with a focus on refinancing a maturing bond in 2025. Measures have been implemented to address non-performing loans, which stood at 20% recently, and enhance the company's financial sustainability.