Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has upgraded the entity ratings of the National Rural Support Programme (NRSP), citing a diversified financial structure and effective risk management systems. NRSP’s financial foundation is bolstered by microfinance operations, local and international donor grants, and investment returns, contributing to a stable and robust financial outlook.
According to The Pakistan Credit Rating Agency Limited, NRSP’s non-performing loans were well-managed, standing at approximately PKR 721 million as of the first nine months of fiscal year 2025. The organization benefits from a governance framework supported by renowned professionals, alongside a lean organizational structure that emphasizes operational efficiency. The control environment within NRSP is strengthened by well-developed policies, which support the organization in its role as a holding company for its subsidiaries.
NRSP generates substantial cash flows despite providing financial support to its subsidiary bank. The stability of its risk profile is underpinned by a strong equity base built through profit accumulation. The upgraded ratings reflect a consistent positive trajectory in NRSP’s lending book, with minimal non-performance and a robust equity base. A well-equipped and experienced management team further instills confidence in the organization’s strategic direction.
Looking forward, NRSP is positioned to strengthen its lending portfolio, enhancing core profitability with streamlined audit procedures. Maintaining asset quality and sustaining growth in business volumes remain pivotal for NRSP. Additionally, technological advancements impacting operational efficiency, the performance of NRSP’s investment book, and risk management are essential factors for the organization’s sustainability and improved margins.