AAF gold loan portfolio was grown

Asia Asset Finance (AAF), a subsidiary of India’s Muthoot Finance Ltd., had recorded a 57.98% growth in gold loans in Sri Lanka during the Financial Year (FY) 2019/2020.
Muthoot Finance Ltd. Managing Director George Alexander Muthoot noted that despite the Easter Sunday incidents that disrupted local economic activities last year, mortgage loans had increased by 50.94%, whereas the unsecured loan portfolios of personal loans and microloans have been brought down by 4% and 29.79%, respectively.