Company Asia Asset Finance PLC

Equities

AAF.N0000

LK0406N00005

Banks

End-of-day quote Colombo S.E. 03:30:00 16/05/2024 am IST 5-day change 1st Jan Change
13.4 LKR +1.52% Intraday chart for Asia Asset Finance PLC -4.29% +10.74%

Business Summary

Asia Asset Finance PLC is a Sri Lanka-based company, which is a subsidiary of Muthoot Finance Ltd and a fully licensed, deposit-taking institution registered with the Central Bank of Sri Lanka. The Company operates through six segments: Finance lease, Hire purchase, Gold Loan, Loans and advances, Investment, and Other. The principal activities of the Company comprise granting leases, hire purchasing, mortgage loans, personal loans, group personal loans, gold loans, micro finance loans, pledge loans, cheque and invoice discounting and mobilization of public deposits. The Company’s products and services include gold loans, fixed deposits, leasing, foreign exchange, and mortgage. Its branch network includes Vavuniya, Oddusuddan, Changani, Nelliady, Beruwala, Pundaluoya, Mathugama, Udappuwa, Monaragala, Kinniya, Mahiyanganaya, Puttalam, Kalawanchikudi, Badulla, Kalpitiya, Maskeliya and other.

Number of employees: 481

Sales per Business

LKR in Million2022Weight2023Weight Delta
Gold Loan
78.8 %
1,994 62.6 % 4,734 78.8 % +137.46%
Investment
8.9 %
151 4.7 % 534 8.9 % +254.11%
Loans and Advances
8.6 %
616 19.4 % 517 8.6 % -16.10%
Finance Lease
3.4 %
406 12.8 % 207 3.4 % -48.97%
Other
0.2 %
15 0.5 % 12 0.2 % -19.00%
Hire Purchase
0.0 %
2 0.1 % 3 0.0 % +50.93%

Sales per region

LKR in Million2022Weight2023Weight Delta
Sri Lanka
100.0 %
3,183 100.0 % 6,006 100.0 % +88.72%

Managers

Managers TitleAgeSince
Chief Executive Officer - 07/09/07
Director of Finance/CFO - -
Compliance Officer - 01/23/01
Chief Administrative Officer - 01/07/01
Chief Tech/Sci/R&D Officer - -
Chief Administrative Officer - -
Chief Operating Officer - 01/10/01
Human Resources Officer - 01/21/01
Comptroller/Controller/Auditor - 01/23/01
Treasurer - 01/14/01

Members of the board

Members of the board TitleAgeSince
Director/Board Member 54 -
Director/Board Member - 12/16/12
Chief Executive Officer - 07/09/07
Chairman - 27/20/27
Director/Board Member 40 -
Director/Board Member - -
Director/Board Member - -
Director/Board Member - 15/23/15

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 124,195,533 5,586,691 ( 4.498 %) 0 4.498 %

Company contact information

Asia Asset Finance Plc

No. 76 Park Street

00200, Colombo

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http://www.asiaassetfinance.com
address Asia Asset Finance PLC(AAF.N0000)
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