Sammaan Capital Ltd. Sees Strong Recovery from Legacy Loan Book in FY2024-25, Aims to Expedite Collections

Sammaan Capital Ltd. has reported robust collections and recoveries from its legacy loan book in FY2024-25, totaling X 15,325 Crs and X 2,491 Crs respectively. The Company has successfully utilized provision buffers and recoveries to sell delinquent pools to Asset Reconstruction Companies (ARCs), leading to increased recovery traction. The strong real estate market has contributed to the robust collections and superior price realization, even from written-off/provided for pools. The Company plans to continue selling delinquent pools to ARCs to expedite collections, without adversely impacting earnings and guided credit costs. The trajectory of the legacy loan book run-down remains optimistic.