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Intesa Sanpaolo: Increases stake in CreditAccess India to two percent
BankingBusiness
Less than 1 min.Read

Intesa Sanpaolo: Increases stake in CreditAccess India to two percent

Laura M
By Laura M

Intesa Sanpaolo: Increases stake in CreditAccess India to two percent

  • Intesa Sanpaolo has increased to 2% its shareholding in CreditAccess India
  • CreditAccess India is a company active in the microcredit sector that operates through its subsidiary CreditAccess Grameen Ltd.
  • CreditAccess has become the microcredit leader in India and among the top 10 worldwide
  • It currently has around 4.6 million customers, 2,300 branches in India
  • Active in granting loans to individuals unable to access traditional credit due to lack of collateral
  • The lending granted enables working autonomy that provides these small and micro-entrepreneurs

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