Muthoot Finance Credit Ratings & Financial Analysis
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ASIA ASSET FINANCE PLC - AN OVERVIEW A ASIA ASSET
FINANCE PLC Muthoot Finance
Asia Asset Finance PLC, (AAF) Colombo, Sri Lanka became a foreign subsidiary of Muthoot Finance on
December 31, 2014. As on December 31,2020, total holding in AAF stood at 91 million equity shares
representing 72.92% of their total capital. The loan portfolio stands at LKR 13,309 million as on December 31,
2020
AAF is a Registered Financial Company based in Sri Lanka a fully licensed, deposit-taking institution.
registered with the Central Bank of Sri Lanka and listed in the Colombo Stock Exchange
AAF is in lending business since 1970. At present the company is involved in Retail Finance, Hire Purchase
& Business Loans and has 40 branches across Sri Lanka.
The company formerly known as Finance and Land Sales has been in operation for over 49 years, evolving
to serve the growing needs of people of Sri Lanka.
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