Amana Bank (Sri Lanka)

Amãna Bank is the first and only Licensed Commercial Bank in Sri Lanka to conduct all its operations under the principles of Islamic banking and be fully disengaged from interest based transactions, offering the full spectrum of Retail Banking, SME Banking, Corporate Banking, Treasury and Trade Finance Services.

[1]

Amana Bank
TypePrivate
IndustryIslamic banking
Founded2009 (2009)
Headquarters486 Galle Road
Colombo 3
Sri Lanka
Area served
Sri Lanka
Key people
Osman Kassim (Chairman)[2]
Mohamed Azmeer (CEO)[3]
ServicesRetail banking
Revenue Rs 2.367 billion (2019)
Rs −1.002 billion (2019) (2017)
Rs −502 million (2017)
Total assets Rs 34.32 billion (2019)
Total equity Rs −370 million (2017)
Number of employees
 342 (2019)
WebsiteHomepage

With the mission of Enabling Growth and Enriching Lives, the Bank reaches over 250,000 customers through a growing network of 28 branches and 4000+ ATM access points and has introduced a bouquet of customer conveniences such as Internet & Mobile Banking, Online Account Opening, VISA Debit Card with SMS alerts, 365 Day Banking, Saturday Banking, Extended Banking Hours, 24x7 Cash Deposit Machines and Banking Units Exclusively for Ladies.

Amãna Bank PLC is a stand-alone institution licensed by the Central Bank of Sri Lanka and listed on the Colombo Stock Exchange with Jeddah based IDB Group being the principal shareholder having a 29.97% stake of the Bank. The IDB Group is a ‘AAA’ rated multilateral development Financial institution with a capital base of over USD 150 Billion which has a membership of 57 countries. Powered by the stability and support of the IDB Group along with other strategic shareholders including Bank Islam Malaysia, AB Bank of Bangladesh and Akbar Brothers, Amãna Bank is making strong inroads within the Sri Lankan banking industry and is focused on capitalizing on the growing market potential for its unique banking model across the country.

The bank's head office is located at 486 Galle Road, Colombo, [4] and it maintains branches at 29 locations around the country.[5]

In April 2020,[6] Fitch Ratings assigned Amana Bank PLC a rating of ("BB+" with a Stable Outlook).[7]

See also

References
  1. Annual report 2017
  2. ABP (8 July 2016). "Amana Bank PLC: Board of Directors". Colombo: Amana Bank PLC (ABP). Retrieved 8 July 2016.
  3. ABP (8 July 2016). "Amana Bank PLC: Management Committee". Colombo: Amana Bank PLC (ABP). Retrieved 8 July 2016.
  4. Google (8 July 2016). "Location of the headquarters of Amana Bak PLC, Colombo, Sri Lanka" (Map). Google Maps. Google. Retrieved 8 July 2016.
  5. Kompass Sri Lanka (8 July 2016). "Branch List of Amana Bank PLC". Colombo: Kompass Sri Lanka. Retrieved 8 July 2016.
  6. http://bizenglish.adaderana.lk/amana-bank-fitch-rating-moves-upward-to-bb-lka/#:~:text=Based%20on%20the%20latest%20rating,lka)%20with%20a%20Stable%20Outlook.
  7. Reuters (2 April 2015). "Fitch Publishes Amana Bank Plc's Rating of 'BB(lka)'; Outlook Stable". Reuters.com. Retrieved 8 July 2016.

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