Portfolio grew 18.4% YoY to INR 14,587 crore

Pre-provision Operating Profit grew 60.6% YoY to INR 274 crore

Profit After Tax grew 247.9% YoY to INR 117 crore

Crossed Major Landmark of USD 2 Billion Portfolio in Jan-22

Bengaluru, 4th February 2022 (GPN): CreditAccess Grameen Limited (NSE: CREDITACC, BSE: 541770, ‘CA Grameen’), the country’s leading microfinance institution, today announced its unaudited and limited reviewed financial performance for the third quarter and nine months of the period ended 31 December 2021.

Consolidated Business Highlights: Q3 FY22 

• GLP grew by18.4% YoYfrom INR 12,321 crore to INR 14,587 crore
• Disbursements grew by2.8% YoY to INR 4,720 crore
• Collection Efficiency in Dec-21 at CA Grameen was95% (excl. arrears)/98% (incl. arrears). Excluding the non-paying NPA customers, Collection Efficiency in Dec-21 was98% (excl. arrears)/101% (incl. arrears)
• Collection Efficiency in Dec-21 at MMFL was89% (excl. arrears)/91% (incl. arrears). Excluding the nonpaying NPA customers, Collection Efficiency in Dec-21 was91% (excl. arrears)/94% (incl. arrears)
• Branch network increased by14.7% YoY to 1,593 with 48 newbranches opened primarily in newermarkets.

Over 2 lakh new borrowers were added

Consolidated Financial Highlights: Q3 FY22

• Total income increased by27.0% YoY from INR 543.0 crore to INR 689.7 crore
• Net interest income (NII) increased by35.5% YoY from INR 304.1 crore to INR 412.0 crore
• Pre-provision operating profit (PPOP) increased by60.6% YoY from INR 170.3 crore to INR 273.5 crore
• Impairment of financial instruments declined by57.2% YoY from INR 275.7 crore to INR 117.9 crore

o Total ECL provisions were INR 671.0 crore (4.74%) against GNPA (largely @ 60+ dpd) of 6.02%, and PAR 90+ of 4.67%

o Write-offs were INR 190.0 crore

• Profit After Tax (PAT) increased by247.9% YoY from INR -79.1 crore to INR 117.0 crore
• Liquidity remained strong atINR 1,625.3 croreof cash & cash equivalents at the end of December 2021, amounting to 10.3% of the total assets
• Healthy capital position with standaloneCRAR of 29.4% and consolidated CRAR of 24.8%
• A+ (Stable) Credit Ratingaffirmed by leading rating agencies in India

January 2022 Business Update*:
• GLP grew by 19.5% YoY from INR 12,767 crore to INR 15,260 crore
• Disbursements grew by 19.7% YoY from INR 1,494 crore to INR 1,789 crore
• Collection Efficiency in Jan-22 at CA Grameen was 95.6% (excl. arrears)/98% (incl. arrears). Excluding the
non-paying NPA customers, Collection Efficiency in Jan-22 was 99% (excl. arrears)/101% (incl. arrears)
• Collection Efficiency in Jan-22 at MMFL was 90% (excl. arrears)/92% (incl. arrears). Excluding the non-
paying NPA customers, Collection Efficiency in Jan-22 was 92% (excl. arrears)/94% (incl. arrears)
• Branch network further increased to 1,617 with 24 new branches opened in Jan-22
* (Please note that the numbers mentioned above as of 31 January 2022 are provisional. It is subject to review by the Audit Committee, Board of Directors, and limited review by the Statutory Auditors of the company.)

Commenting on the performance, Mr. Udaya Kumar Hebbar, MD and CEO of CreditAccess Grameen, said,
“Our financial performance during Q3 FY22 was marked by significant improvement in operating profitability coupled with consistent improvement in asset quality, which helped us to reclaim our quarterly PAT of more than INR 100 crore after 2 years. Our consolidated loan portfolio grew by 18.4% YoY to INR 14,587 crore in Q3 FY22. Our collection efficiency excluding arrears consistently improved to 95% at CA Grameen and 89% at MMFL in Dec-21.
Overall, we opened 204 branches in the calendar year 2021 and added 5.42 lakh new borrowers of which 48% were outside the top 3 states, in line with our vision of being the preferred financial partner of households across the breadth and depth of the country.

We are elated to announce that we have achieved a major milestone in January 2022 with our consolidated loan portfolio crossing USD 2 billion mark. It is a testament to our commitment towards the women empowerment journey and promoting egalitarian growth. We draw immense strength from our resilient business model and deep rural presence which helped us to consistently outperform despite temporary challenges due to the Omicron variant. Our collection efficiency excluding arrears further improved to 95.6% at CA Grameen and 90% at MMFL in Jan-22.

As we witness the pandemic severity gradually waning, we stand firm to our yearly guidance and are on track to
achieve the same. Our learnings from previous waves and the pragmatic approach adopted give us enough confidence
to weather the odds. The government has made its stance clear during the Budget 2022-23 with capital expenditure
push and inclusive development agenda being the drivers of creating long-term job opportunities for millions of low-
income households. Given our strategic position of deep rural presence, we are proud to partner in this growth journey
and contribute towards the next level of the capital creation story of Bharat.”

About CreditAccess Grameen Limited
CreditAccess Grameen Limited is a leading Indian microfinance institution headquartered in Bengaluru, focused
on providing micro-loans to women customers predominantly in rural areas across India. The Company, on a
consolidated basis, is now operating in 312 districts in the 14 states (Karnataka, Maharashtra, Tamil Nadu,
Chhattisgarh, Madhya Pradesh, Odisha, Kerala, Goa, Gujarat, Rajasthan, Uttar Pradesh, Bihar, Jharkhand, and West
Bengal) and one union territory (Puducherry) in India through 1,593 branches. The Company’s Promoter is
CreditAccess India N.V., a multinational company specializing in micro and small enterprise financing. It is backed
by institutional investors and has a micro-lending experience in India of over more than a decade.