Access Financial Services - Acquisition of Loan Portfolio

Access Financial Services Limited (AFS) has advised that it has acquired the loan portfolio of Asset Management Company Limited, a subsidiary of Proven Investments Limited (PROVEN). AFS further advised that the purpose of the acquisition is to expand its local customer base and share of market. AMCL through its eZzeeas 123 brand offers consumer and business financing. The acquisition follows PROVEN`s purchase of 135,239,271 units or 49.27% of participating voting shares in AFS.